Director of the Estonian Financial Supervisory Authority: Trying to fight against cryptocurrencies such as Libra is meaningless, and regulation is inevitable

According to, the Estonian Financial Supervisory Authority (FSA) director Kilvar Kessler said in an interview that it is meaningless to try to fight Facebook's Libra and other cryptocurrencies. Regulators should strive to learn more about cryptocurrencies and ensure that laws and regulations are adjusted accordingly. Kessler commented on Facebook's Libra: "The only sensible thing to do is to study the details and then let the authorities react. In principle, innovation in the currency field should not be rejected: after all, money is a human invention."