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Daily Dashboard | EU regulators launch investigation into Libra cryptocurrency Related reading: Notes from the IAPP Europe, 14 Aug. 2020


Regulators in the European Union have launched an investigation into Facebook's Libra cryptocurrency, the Financial Times reports. The European Commission sent questionnaires as part of a preliminary information-gathering exercise to those involved with the project, per a pair of sources close to the situation. According to documents seen by Bloomberg, the commission “currently investigating potential anti-competitive behaviour” over concerns of “possible competition restrictions” through the use of consumer data. The investigation comes after regulators from around the world asked Facebook for answers on the privacy concerns surrounding the cryptocurrency. The commission and Facebook did not comment on the probe. (Registration may be required to access this story.) 
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