European Union Critically Examines Facebook Cryptocurrency

Facebook's Libra Cryptocurrency has now come under European Union's critical examination. The European Union seems to be working towards the anti-competitive behavior of the Libra Association.

European Union has begin the examination via a questionnaire. The main concerns of the European Union is related to user privacy.

The Cryptocurrency should come in between the smooth functioning of the global financial system. Therefore, the EU has kept a close eye on Libra and its development.