Swiss regulator FINMA issues guidelines for stablecoins, including Facebook’s Libra

The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines for stablecoins, including Facebook’s planned cryptocurrency Libra. The regulator announced Wednesday that it classifies stablecoins under the existing approach of blockchain-based tokens, and that rules for stablecoins may differ depending on which assets…

China’s central bank seeks to accelerate the development of its ‘legal digital currency’

China’s central bank said that it will accelerate the research and development of its “legal digital currency”, according to a statement issued by the People’s Bank of China today. The central bank hosted a video conference on Aug. 2 to discuss its…