Regulators may take interest in internet giants' cryptocurrencies - German cartel office

Regulators may take interest in internet giants' cryptocurrencies - German cartel office
FILE PHOTO: Small toy figures stand on representations of virtual currency in front of the Facebook logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic -
Copyright
DADO RUVIC(Reuters)
Text size Aa Aa

BONN, Germany (Reuters) – Antitrust regulators may take an interest in cryptocurrencies being launched by big internet companies, the head of Germany’s Federal Cartel Office said.

“Cryptocurrencies launched by internet giants could become a topic for the cartel authorities,” the antitrust watchdog’s president, Andreas Mundt, told reporters on Thursday.

Facebook announced plans on June 18 to launch a global cryptocurrency called Libra, prompting concerns about privacy protection and possible political implications.

(Reporting by Matthias Inverardi; Writing by Douglas Busvine; Editing by Tassilo Hummel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.