Key Points
The EU has sent a questionnaire to Facebook and the Libra Association seeking clarification about their proposed digital currency called libra, an EU spokesperson confirmed to CNBC on Monday.PayPal announced Friday it was withdrawing from the project.SOPA Images | LightRocket | Getty Imagesand the Libra Association seeking clarification about their proposed digital currency called libra, an EU spokesperson confirmed to CNBC on Monday.
Fresh questions posed by the European Commission "go beyond" previous antitrust concerns it raised with the Libra Association, the spokesperson said. The questionnaire has added another layer of scrutiny to the digital currency project that Facebook launched in June. Regulators, policymakers and politicians around the world"The Libra Association welcomes this public policy dialogue and multi-stakeholder process that will help unleash economic and social potential of digital currencies," said Dante Disparte, Head of Policy and Communications for the Libra Association, in a statement Monday.
. The FT, citing a copy of the document, said the EU raised concerns over financial stability, money laundering and data privacy risks.
I don't even trust FB with keeping a dick pic secure. Allowing FB to have it's own currency is one of the worst ideas this decade. Only a bunch of idiots would even consider it. TeamUSA
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