Researcher: Excessive regulation is likely to kill Facebook's Libra

According to MarketPlace, researcher Patrick Hedger, a researcher at the Competitive Enterprise Institute, said today that Libra's release is exciting, but too much regulation could stifle the currency. “If we turn to a system too afraid of the potential shortcomings of the product, we will never see a vibrant and prosperous market, we need to really understand the benefits of products like it.” Hedger also expressed concerns about privacy issues and said Facebook has a responsibility to build trust with consumers. He said consumers should decide whether they want to register for the service.