The Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers in order to reduce financial risks and strengthen regulatory supervision. This proposal comes amid growing concerns about the potential impact of stablecoins on regulated institutions and the broader financial ecosystem.

FINMA aims to classify stablecoin issuers as financial intermediaries and highlight risks such as money laundering, terrorist financing and sanctions evasion. The rapid growth of stablecoins has raised red flags for regulators around the world.

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