Head of the German Financial Supervisory Authority: Libra and regulators have the same goal in terms of digital assets, but are doing differently

According to CNBC, recently, Felix Hufeld, head of the German Federal Financial Supervisory Authority (BaFin), said in an interview that although Libra and regulators have the same goal in terms of digital assets, they are doing it differently, which does not mean The Facebook project will suddenly disappear. Hufeld said that if Libra becomes the "de facto" currency today, regulators will find this "unacceptable." But he went on to say that this hesitation is not his "final decision." Instead, he believes that everyone working in the global financial system should be more “creative”. This may be the traditional regulators reshaping the financial industry, or Libra and Facebook doing so, or what other factors are working.