FMA clarified stablecoin status under existing law while Visa processes transactions, noting that both jurisdictions are establishing stablecoin rules in Europe.
4 reports, 4 independent
Updated Jun 22
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What happened
FMA clarified stablecoin status under existing law while Visa processes transactions, noting that both jurisdictions are establishing stablecoin rules in Europe.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.FMA clarifies stablecoin status and stablecoin rules are being established in Europe.1 source
Visa/FMA clarifying stablecoin status in Europe amidst crypto market volatility.1 source
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The entities involved
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Financial Markets Authority
Financial regulator in New Zealand
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Visa Inc.
American multinational financial services corporation
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Bitcoin
digital cash system and associated currency
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Europe
terrestrial continent located in north-western Eurasia