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Diem Withdraws Swiss License Application, Makes Bold Move With U S Shift | Fintech Schweiz Digital Finance News – FintechNewsCH

Diem Withdraws Swiss License Application, Makes Bold Move With U S Shift | Fintech Schweiz Digital Finance News – FintechNewsCH
fintechnews.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fintechnews.ch Daily Mail and Mail on Sunday newspapers.

United statesStuart leveyFacebook libraDiem networksSwiss financial market supervisory authorityDiem payment networkFederal reserveSilvergate bankSilvergate capital corporationDiem associationChief executive officerSilvergate capitalFinancial crimes enforcementAlan laneஒன்றுபட்டது மாநிலங்களில்ஸ்டூவர்ட் லெவி

Facebook-Backed Diem Pulls Swiss Stablecoin Application

ADVERTISEMENT ADVERTISEMENT Facebook-Backed Diem Pulls Swiss Stablecoin Application Law360, London (May 13, 2021, 1:00 PM BST) Digital currency group Diem Association, which is backed by Facebook, has withdrawn its application for authorization in Switzerland as a blockchain-based payment system to allow it to focus on the U.S., the Swiss financial watchdog has said. The Swiss Financial Market Supervisory Authority said late on Wednesday that Diem Networks GmbH is pulling its application under Switzerland s Financial Market Infrastructure Act, even though the process is at an advanced stage. Geneva-based Diem, which was formerly called the Libra Association, is made up of the Diem Association, which has 26 members from the payments and technology sector, and Diem Networks, the payment.

London mayDiem networksDiem networks gmbSwiss financial market supervisory authorityDiem associationLibra associationDiem networks gmbhFinancial market infrastructure actலண்டன் இருக்கலாம்டீம் நெட்வொர்க்குகள்சுவிஸ் நிதி சந்தை மேற்பார்வை அதிகாரம்டீம் சங்கம்துலாம் சங்கம்நிதி சந்தை உள்கட்டமைப்பு நாடகம்

Diem, Formerly Libra, Withdraws Application in Switzerland to Focus on US Dollar Stablecoin

Diem, Formerly Libra, Withdraws Application in Switzerland to Focus on US Dollar Stablecoin In a significant twist of events, Diem, formerly Libra, has withdrawn its payment systems application in Switzerland. Diem had submitted an application to Switzerland, a crypto-friendly jurisdiction, in anticipation of launching a global cryptocurrency. The Swiss Financial Market Supervisory Authority (FINMA) said that Diem Networks GmbH was already at an advanced stage in its application process. According to FINMA, Diem is now planning to launch a payment system from the USA in a first phase and target the US market with a US dollar-based stablecoin. The original application submitted to FINMA was based on a stablecoin linked to a basket of currencies. The concept of a global non-sovereign digital currency raised the concern of global policymakers. Additionally, if Diem had included interest-bearing securities in the basket, such as US treasuries, the interest generated by the cry

United statesDiem networks gmbSwiss financial market supervisory authorityDiem networks gmbhஒன்றுபட்டது மாநிலங்களில்சுவிஸ் நிதி சந்தை மேற்பார்வை அதிகாரம்

Credit Suisse risk committee head to depart amid board reshuffle

By Aaron Nicodemus2021-05-03T20:28:00+01:00 Credit Suisse’s board member in charge of its risk committee has stepped down as fallout from “unacceptable” losses in the wake of collapses at Archegos Capital and Greensill Capital continues to roil the Swiss-based bank. Andreas Gottschling told the bank Friday he would not stand for re-election. Proxy adviser Glass Lewis and other investors had been urging shareholders to vote against extending his term. Gottschling served on the Credit Suisse board since 2017 and on the board of Credit Suisse International since 2018, according to his LinkedIn profile. Board Member Richard Meddings, chair of Credit Suisse’s audit committee, replaces Gottschling as interim chair of risk.

United kingdomRichard meddingsUrs rohnerAndreas gottschlingThomas gottsteinCredit suisseLloyds banking groupCredit suisse internationalSwiss financial market supervisory authorityGlass lewisSuisse internationalMember richard meddingsஒன்றுபட்டது கிஂக்டம்ஊர்ச் ரோஹ்னர்தாமஸ் கோதிட்சிதேன்கடன் ஸ்யூயி

Klarpay Secures FINMA License, Plans to Roll Out Borderless Multi-Currency Accounts | Fintech Schweiz Digital Finance News – FintechNewsCH

Klarpay Secures FINMA License, Plans to Roll Out Borderless Multi-Currency Accounts | Fintech Schweiz Digital Finance News – FintechNewsCH
fintechnews.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fintechnews.ch Daily Mail and Mail on Sunday newspapers.

Martynas bieliauskasMihkel vitsurSwiss financial market supervisory authoritySwiss federal banking act articleசுவிஸ் நிதி சந்தை மேற்பார்வை அதிகாரம்