EU regulators are examining Facebook's proposed Libra cryptocurrency to see...
FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration
European Competition Commissioner Margrethe Vestager said scrutiny was justified even though the new digital coin, to be backed by four official currencies and available to billions of Facebook’s users around the world, has yet to be launched. “We’re looking at whether those proposals create risks for competition, so we can be ready to act swiftly if an intervention were to prove necessary,” she said.
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