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Europeans probe Facebook cryptocurrency

The E.C. opened an antitrust investigation into "potential anti-competitive behavior" related to Facebook's Libra Association for its cryptocurrency project.

The European Commission has opened an antitrust investigation into "potential anti-competitive behavior" related to Facebook's Libra Association created to oversee its cryptocurrency project, Bloomberg reported on Tuesday.

The European Union's antitrust probe of Facebook's two-month-old Libra cryptocurrency project focuses on concerns that it would improperly shut out rival payment systems, the news agency said, citing a document it said it had viewed.

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