Swiss Regulator wants to kill stablecoins
Troubles are appearing in the Swiss "crypto paradise"...
The Swiss regulator, Swiss Financial Market Supervisory Authority (FINMA) plans to kill issuance of stablecoins in Switzerland!
FINMA announced guidance on stablecoin issuance and it looks catstrophic for the crypto industry in Switzerland.
FINMA now demands that stablecoin issuers must either have a banking license or secure a bank guarantee.
This is a …
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