Swiss regulator FINMA targets stablecoin issuers in new proposal
As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions. Go to Source
financial intermediaries
Auto Added by WPeMatico
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises … Read more
Liechtenstein Bank Offers Account Holders Direct Crypto Investments
This week the private bank headquartered in the Principality of Liechtenstein, Bank Frick, announced its customers will now have the ability to directly invest in cryptocurrencies. According to the financial institution, the company will offer account holders the means to purchase fives different cryptocurrencies that will be held in cold storage using the bank’s platform. … Read more
