Analytics / Forex and Crypto News
The Swiss Financial Market Supervisory Authority (FINMA) has decided to classify stablecoins according to the existing token division on the blockchain. In addition, the rules for stablecoins will depend on which assets the stablecoins are provided with.
The regulator published an approximate classification of stablecoins. Representatives of the financial regulator said that the architecture of stablecoins is different in legal, technical, functional and economic terms. That is why it is impossible to create a complete general classification.
The regulator paid special attention to the digital currency Libra from Facebook. FINMA representatives said that the services of the cryptocurrency project will not fit into the framework of a conventional payment system. Therefore, these services will have to meet a number of requirements.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov