Swiss Regulator Issues Guidance on Libra and Stablecoins

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra
According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified as financial infrastructure.  Technology Neutral
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