Stablecoin Regulation from Switzerland! 🇨🇭

Switzerland's financial markets regulator FINMA has proposed new requirements to reduce the risks of default guarantees that banks provide to stablecoin holders.

- Irregularities of stablecoin issuers can bring reputational damage and legal risks to banks.

- Customers will be able to make a request directly to the bank providing the guarantee.

- The guarantee must cover all deposits and interest.

- Banks must ensure that the deposits they receive do not exceed the guarantee scope.

Share your thoughts in the comments! 💬

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