On the Pound from FacebookThe European Commission will shine a light on this

Bulletin

22. 8. 2019

About two months ago introduced Facebook own currency Libra, which will be managed by the Libra Association, made up of giants such as Visa, Mastercard, PayPal or even Spotify. Representatives FacebookThey talked about it as a safe, trustworthy and stable currency with low inflation. Although Libra does not officially exist yet, European institutions are already starting to take an interest in it. The European Commission is curious whether the Libra Association will handle user data in accordance with the GDPR and whether Libra payments will be implemented in other applications Facebookwhich, according to the European Commission, could threaten competition.

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