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TheBlock 2019-09-11 09:49:21

Swiss regulator FINMA issues guidelines for stablecoins, including Facebook’s Libra

The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines for stablecoins, including Facebook’s planned cryptocurrency Libra. The regulator announced Wednesday that it classifies stablecoins under the existing approach of blockchain-based tokens, and that rules for stablecoins may differ depending on which assets they are backed by, i.e.The post Swiss regulator FINMA issues guidelines for stablecoins, including Facebook’s Libra appeared first on The Block.

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