• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, October 21, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

Swiss Financial Regulator Issues New Guidance on Stablecoins

26 July 2024
in News, Regulation
Reading Time: 3 mins read
108 1
Swiss Financial Regulator Issues New Guidance on Stablecoins

source: blockzeit.com

The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidelines to address risks associated with stablecoins for both issuers and banks offering guarantees.

These guidelines emphasize the importance of stablecoin issuers verifying the identities of token holders and beneficial owners to mitigate potential risks.

FINMA clarified that banks accepting public deposits in exchange for stablecoins typically require a banking license. However, issuers may be exempt if financial lenders provide default guarantees under specific conditions. To protect depositors, FINMA outlined minimum requirements for such guarantees, including direct claims against the Swiss bank providing the guarantee in case of issuer bankruptcy, and coverage of the total amount of public deposits, including interest.

These guidelines build upon FINMA’s September 2019 supplementary guidelines on initial coin offerings (ICOs). They also reference a recent Federal Council report highlighting the need to address regulatory gaps in the stablecoin sector. However, specific details of the proposed actions that were in line with the suggestions were not provided.

Notably,  European institutions have been actively releasing new guidelines for the financial industry as the region prepares for a new regulatory regime.  The European Banking Authority (EBA) recently expanded its Travel Rules guidelines to include crypto service providers and their intermediaries. Starting December 30, crypto exchanges operating within the European Union (EU) will need to comply with new rules that mandate reporting information on fund and crypto asset transfers. These new rules effectively bring crypto-asset service providers (CASPs) under the EU’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) framework. 

Additionally,  the Bank of Italy will soon issue guidelines on implementing the EU’s Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced on July 9, 2024, that these new guidelines aim to ensure the effective application of MiCA and protect cryptocurrency holders.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: FINMAStablecoinsSwiss
Share63Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

BOJ Deputy Governor Calls for Regulatory Overhaul as Stablecoins Reshape Global Finance
News

BOJ Deputy Governor Calls for Regulatory Overhaul as Stablecoins Reshape Global Finance

21 October 2025
Crypto and Fintech Coalition Urges U.S. Regulators to Protect Consumer Data Rights in Open Banking Rule
Crypto

Crypto and Fintech Coalition Urges U.S. Regulators to Protect Consumer Data Rights in Open Banking Rule

21 October 2025
Bitcoin Outflows Point to Renewed Accumulation as Binance Netflow Turns Negative
Bitcoin

Bitcoin Outflows Point to Renewed Accumulation as Binance Netflow Turns Negative

21 October 2025
Bithumb Lists ZORA and RECALL in KRW Market With Zero Trading Fees
Crypto

Bithumb Lists ZORA and RECALL in KRW Market With Zero Trading Fees

21 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls, Outset PR Finds

4 hours ago

Your Weekend Crypto Roundup | October 2025 (Week 3)

4 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

2 weeks ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

3 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Bombastic Casino Unveils New Design and Enhanced Features

    bychainwire
    21 October 2025
    0

    Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards

    bychainwire
    21 October 2025
    0

    Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch

    bychainwire
    20 October 2025
    0

    Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection

    bychainwire
    20 October 2025
    0

    Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025

    bychainwire
    20 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00