On July 26, Swiss monetary regulator FINMA issued new steering urging stablecoin issuers to confirm the identification of all token holders
On July 26, Swiss monetary regulator FINMA issued new steering urging stablecoin issuers to confirm the identification of all token holders.
The steering goals to handle dangers related to stablecoins pegged to fiat currencies, together with potential threats to the Swiss monetary popularity and dangers posed to issuing banks by default ensures.
The steering successfully prohibits non-decentralized stablecoins in Switzerland. FINMA’s actions mirror rising regulatory scrutiny on digital belongings and their influence on monetary stability. The steering additionally highlights considerations associated to anti-money laundering (AML) compliance.
That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra info, together with article sources, go to DeepNewz.
