EU investigating Facebook"s Libra on competition concerns, Bloomberg says

EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services......»»

Facebook's plan to release its own currency, called Libra, has sparked a range of concerns among lawmakers. WSJ’s Paul Vigna explains. Photo: Andrew Harrer/Bloomberg News.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Facebook is getting into the crypto business. Its digital currency called Libra is scheduled to launch in summer 2020. But the project has raised a lot of concerns......»»

Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg spoke in front of the U.S. House Financial Services Committee on Wednesday to better explain his Libra cryptocurrency ambitions. read more.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client......»»

Google's plan to buy Santa Cruz-based Looker Data Sciences Inc. for $2.6 billion is reportedly getting an in-depth review by federal antitrust officials as concerns about tech giants and competition are mounting in Washington. Bloomberg cited unna.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The launch of Facebook's Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Several U.S. state attorneys general are set to launch antitrust probes of large technology companies such as Alphabet's Google and Facebook amid concerns that the companies have too much power and are harming users and stifling competition......»»

A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland......»»

EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday......»»

Facebook Inc's proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization......»»

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project......»»

Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns .....»»

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users......»»

Lawmakers voiced concerns at a Senate hearing on July 16 about Libra, Facebook’s cryptocurrency, stating worries that the company will mishandle user data......»»