Facebook-led Libra Association secures 21 signatures at inaugural charter meeting

Twenty-one organizations have formally joined Libra after Monday’s Association meeting. The commitments follow a string of significant departures, as Visa, PayPal, MasterCard, Stripe, eBay and Booking departed from the Facebook-led stablecoin project. During a meeting in Geneva, the twenty-one organizations formally signed…

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…