EU antitrust regulator investigating Libra Association

The European Commission, an EU antitrust regulator, is investigating "potential anti-competitive behavior" in regards to Facebook's Libra, according to an EU questionnaire seen by Bloomberg. According to Bloomberg Law, the document suggests the EU is exploring whether the proposed Libra Association, and its new payment stack, could prevent peers from being able to compete. 

The questionnaire also suggests regulators are investigating the governance and membership of the Libra Association, while EU officials also expressed concerns over the competitive restrictions on the exchange of consumer data.

About Author

Ryan Todd is a research analyst at The Block where he focuses on the convergence of fintech and digital assets. Previously he worked at Deutsche Bank as an equity analyst covering consumer finance and payments companies, and also spent time at ConsenSys exploring the broader Ethereum ecosystem. Ryan holds a BS in Economics and Accounting/Finance from Florida State University, and MS Finance from Vanderbilt University.