Facebook: Libra Association responds to FINMA’s guidelines by filing for a license as a payment system

 

Facebook: Libra Association responds to FINMA’s guidelines by filing for a license as a payment system

Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature. Importantly, the guidelines outlined how Libra would be classified by FINMA. The blog post stated, “The Libra Association asked FINMA for an assessment of […]

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