EU antitrust regulators want to know whether Facebook's proposed Libra cryp...
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
The European Commission sent out a questionnaire earlier this month to various parties involved in Libra, giving respondents two to three weeks to provide feedback, the people said. By sending out a questionnaire, the EU could be preparing the ground for a formal investigation.Facebook has linked up with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin, which is due to launch in the first half of 2020.
The Commission, which can fine companies up to 10% of their global turnover for breaching EU antitrust rules and order them to change their business practices, declined to comment. Facebook was not immediately available for comment.
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