Stablecoin’s present-day prospects and challenges in monitoring blockchain and crypto were discussed and were informed to the Swiss Federal Council in a meeting. Switzerland is usually susceptible to all sorts of methodologies that could be applicable to the financial market but will also observe and scrutinize neoteric technologies such as blockchain. Per federal council observation, the Libra cryptocurrency, which Geneva-based Libra association, is supported by various other cryptocurrencies, which means that the chances of it being unstable are least likely. During September, Libra association contacted the Swiss Financial Market Supervisory Authority (FINMA) requesting an evaluation regarding the matter of “stable
