[Analysis] Don’t rush to ‘squelch’ Facebook’s Libra, IMF’s Lipton says - Zoe Schneeweiss and William Horobin

IMF interim director David Lipton says regulators need to step up on Libra but tread carefully not to stifle innovation. Lipton argued experimentation and adoption are crucial for technological evolution and the end result is often different than speculated.

“Risks include the potential emergence of new monopolies, with implications for how personal data is monetized; the impact on weaker currencies and the expansion of dollarization; the opportunities for illicit activities; threats to financial stability; and the challenges of corporates issuing and thus earning large sums of money -- previously the realm of central banks. So, regulators -- and the IMF -- will need to step up.”