Libra is reportedly being probed by the European Union’s competition authorities
The regulators demanded Facebook provide guarantees that user information, such as transaction histories, will not be shared without explicit consent
Facebook’s planned virtual unit Libra faces scepticism among the wider cryptocurrency community
Only a few days since Facebook’s announcement, libra has faced strong pushback from regulators and policymakers around the world.
The brand new digital currency championed by Mark Zuckerberg’s Facebook has serious implications for data privacy and regulation
Unlike other digital or cryptocurrencies such as Bitcoin, the Libra is intended to be backed by real assets