According to a document seen by Bloomberg, EU’s antitrust regulators are looking into whether Facebook’s proposed payment system will shut out others unfairly. The European Commission is “currently investigating potential anti-competitive behaviour” related to the Libra Association. It has been said that the concern surrounds Libra comes from the way the data may be shared and the information that may be collected by Facebook and its partners. Both Facebook and the EU commission have both decided not to comment on the story but we are in the very early stages of this investigation. This is a problem that has not been faced by any government. A private company potentially being able to take control of all monetary power. The document also calls into question the way Facebook could add payment services into its other products such as Instagram and WhatsApp. Facebook is trying to play ball as they have previously promised to appease all regulators before launching the cryptocurrency, which is a process that could take some time. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD still headed for a test of lower levels FX Street 4 years According to a document seen by Bloomberg, EU's antitrust regulators are looking into whether Facebook's proposed payment system will shut out others unfairly. The European Commission is "currently investigating potential anti-competitive behaviour" related to the Libra Association. It has been said that the concern surrounds Libra comes from the way the data may be shared and the information that may be collected by Facebook and its partners. Both Facebook and the EU commission have both decided not to comment on the story but we are in the very early stages of this investigation. This is a problem that has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
