Vestager Says Libra’s Potential to Spawn an Economy Raises Risks

The European Union’s antitrust chief says she’s taken the unusual step of scrutinizing Facebook Inc.’s planned cryptocurrency because of the risk that Libra will lead to the creation of a new, entirely separate economy.

“It’s a new thing that we’ve begun to ask questions about something that doesn’t yet exist,” Margrethe Vestager said in an interview with Denmark’s finance industry union, Finansforbundet. “But it’s because we want to be far enough ahead that we can say whether this will be a problem.”