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Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

News Facebook-backed digital currency project Diem could launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.  Cited in a CNBC report published on Tuesday, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year.  Diem’s stablecoin is a significantly scaled-back and rebranded version of Facebook’s initial vision for a global digital currency, native to its platform, that would be tied to a basket of multiple fiat currencies. Aside from shedding the name Libra, commentators have pointed to the thoroughgoing changes to Diem’s evolving project in response to a striking pushback from global regulators and nation-states. 

The trouble with bitcoin: Why the crypto craze can t last

The trouble with bitcoin: Why the crypto craze can t last
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New Prospectus Requirements In Full Effect - Corporate/Commercial Law

To print this article, all you need is to be registered or login on Mondaq.com. On January 1 2020, the new Swiss Financial Services Act (FinSA) and Financial Services Ordinance (FinSO) on November 6 2019, implementing the provisions of the FinSA, have entered into force. These laws are part of an entirely new regulatory framework governing the Swiss financial markets. While the majority of the rules entered into force immediately, certain obligations were or still are subject to transition periods. In particular, until December 1 2020, prospectuses could still be established in accordance with the previous, arcane rules of the Swiss Code of Obligations and, as far as SIX Swiss

Swiss Market Watchdog Green Lights UK Trading Venues

Welcome to Morningstar.co.uk! You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs. Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results. Registered Hemscott users can log in to Morningstar using the same login details. Similarly, if you are a Hemscott Premium user, you now have a Morningstar Premium account which you can access using the same login details.

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