Brussels is questioning Facebook over potential financial risks posed by its Libra coin project as the EU prepares to overhaul regulation of digital currencies. The commission’s questionnaire, sent last week and seen by the Financial Times, is part of a drive by Valdis Dombrovskis, the EU’s financial services commissioner, to determine how projects such as Libra should be regulated in the EU, if fresh legislation is needed, and even whether Facebook’s coin proposal should be allowed to operate in the bloc. Read More...
Brussels is questioning Facebook over potential financial risks posed by its Libra coin project as the EU prepares to overhaul regulation of digital currencies. The commission’s questionnaire, sent last week and seen by the Financial Times, is part of a drive by Valdis Dombrovskis, the EU’s financial services commissioner, to determine how projects such as Libra should be regulated in the EU, if fresh legislation is needed, and even whether Facebook’s coin proposal should be allowed to operate in the bloc.
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