🚨 Crypto News Flash! 🚨
Swiss regulator FINMA has issued new guidance for stablecoin issuers! 🪙 Key points:
- Stablecoin issuers must verify the identity of all token holders and beneficial owners.
- Banks providing guarantees for stablecoins may need a banking license, but there are exceptions.
- Default guarantees must cover all public deposits, including interest.
- A Federal Council report highlights regulatory gaps in the stablecoin industry.
What do you think about these new guidelines? Share your thoughts in the comments! 💬
#CryptoNews #Stablecoins #Regulation