Switzerland’s New Stablecoin Law: Too Much KYC?

New stablecoin regulations in Switzerland, requiring Know Your Customer (KYC) verification for all holders, have drawn sharp criticism from within the crypto community. Ripple CTO David Schwartz rebuked the law as a “know your customers’ customers” regulation, emphasizing the stringent requirements on financial intermediaries involved in stablecoin transactions. Sure, just not “know your customers’ customers” The post Switzerland’s New Stablecoin Law: Too Much KYC? appeared first on Coin Edition .

Source: Coin Edition