- **Anchored #Coins Rebrands and Receives Swiss VQF Membership**: Former Singapore parliamentarian Calvin Cheng's rebranded company, Anchored Coins, has been granted Swiss VQF membership, enabling it to issue Swiss Franc-backed stablecoin (ACHF) and Euro-backed stablecoin (AEUR) on Ethereum and BNB Chain blockchains.
- **#Regulatory Compliance**: VQF membership requires Anchored Coins to comply with Swiss anti-money laundering obligations. The company plans to adhere to the EU's new Markets in Crypto Assets (MiCA) regulations from 2024. Both stablecoins will be backed 1-to-1 by fiat currencies and held in Swiss banks.
- **#Partnership with DCS Card Centre**: Anchored Coins has partnered with DCS Card Centre in Singapore to issue credit cards collateralized by AEUR and ACHF. The credit cards aim to provide immediate value to stablecoin holders through instant credit limits.
- **Initial #Launch and Future Plans**: The initial launch of Anchored Coins will be limited to institutional partners, and discussions are ongoing for #listing on major digital asset exchanges.
