This Phase Of Scrutiny Was Expected, Libra Co-Creator Says

Law360 (November 7, 2019, 9:46 PM EST) -- The chief economist and co-creator of the Libra digital currency said Wednesday the current phase of regulatory scrutiny bearing down on the Facebook-led project had been planned for, suggesting the hurdles it faces can be overcome.

According to Christian Catalini, co-creator and head economist for the Libra project, Facebook decided to announce the intentions and contours of the Libra project before the digital currency had been developed or offered to the public in order for regulators and stakeholders to examine the details and provide feedback.

"This is a phase that we were planning for," Catalini said. "Instead of doing what is...

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