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The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines for stablecoins, including Facebook’s planned cryptocurrency Libra.
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Swiss financial regulator FINMA confirmed in a guidance note on stablecoins Wednesday that it had received a request for an assessment of how it would classify the Libra project as currently planned. The agency added that range of services projected by the Libra Association would need extra oversight.
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Nice summary of everything that’s known about China’s central bank digital currency plans.
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Seven independent mobile payment systems in Europe have teamed up to form the European Mobile Payment Systems Association. Its mid-term goal is to make it possible for the companies’ combined 25 million users to use all of the individual systems in each of the member countries.
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Mastercard is partnering with R3 to develop a blockchain-based cross-border payment solution.
Kiffmeister’s Fintech Daily Digest 09/11/2019
