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Showing posts from July 27, 2024
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FINMA Warns Stablecoins Threaten Swiss Financial Reputation

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The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/RpC2aNo

Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality

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Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/ndW3u1G