Polsinelli’s Levin on Regulating Facebook’s Libra

The video discusses the classification and regulation of digital assets, focusing on Libra. It explores whether Libra is a commodity, currency, or security, and how it is regulated in the U.S. and abroad. The video highlights the role of FinCEN and other regulatory bodies in overseeing money transfer systems like Libra, emphasizing the importance of policies to prevent money laundering and terrorist financing.

What is the significance of the FinCEN in regulating digital assets?

What challenges might arise in the regulation of digital currencies like Libra?