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Facebook's Libra Currency Gets European Union Antitrust Scrutiny

  • EU sends questionnaires to groups tied to Libra proposals
  • Antitrust regulator cites ‘possible competition restrictions’
Bloomberg business news
EU Probes Facebook's Digital Currency

European Union antitrust regulators are already probing Facebook Inc.’s two-month-old Libra digital currency project, according to a document seen by Bloomberg.

The European Commission is "currently investigating potential anti-competitive behavior" related to the Libra Association amid concerns the proposed payment system would unfairly shut out rivals, the EU authority said in a questionnaire sent out earlier this month.