Libra] will end up paving the way, in terms of regulation, in a lot of regions where it still might be grey or unpaved as of yet. What will happen is this will force a number of the slow-moving or non-moving regulators to define policy, and it will be in conjunction with how Facebook is rolling that currency out…That will help to set the stage for other companies coming in.
After the Libra whitepaper was released last week, regulators around the globe suddenly had a lot to say about cryptocurrency.