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The European Crypto Initiative (ECI) announced that its policy expert Vyara Savova contributed to an analysis of the new stablecoin guidelines published by FINMA, the Swiss Financial Market Supervisory Authority. The analysis compares these guidelines to the European Union’s (EU) stablecoin regulations from the Markets in Crypto-Assets (MiCA) legislation. ECI shared its statement in an August 16 post on X.
"The latest guidance from FINMA on the issuance of stablecoins has sparked a lot of discussion, but how does it stack up against the EU's MiCA regulation," said ECI. "Here's what you need to know according to our Policy Expert @VyaraSavova on @VixioRegulatory."
FINMA published guidance on the issuance of stablecoins on July 8. In this guidance, FINMA "provides information on aspects of financial market law that arise in relation to stablecoin projects and the impacts of such projects on the supervised institutions." This guidance addresses risks related to money laundering, terrorist financing, and sanctions circumvention.
