is this because of libra ?

[Kang TB]

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:

“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”

https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain

is this because of libra ?

[shinratensei_]

Yes it is, but not at all.
You must read the additional note that has already created by a member of seven council too.
Just because swiss is a friendly crypto country and it doesn't mean if it will be allowing all of the actions by crypto without doing a monitor to the stablecoins and blockchain.
This action just like to give a protection to its investors that already joined in the crypto.
Stable coin needs to be monitored consider it can be manipulated because it has been controlling by a centralized party. The manipulation that happened in tether is more than enough to prove if we have a big question about the credibility of the company that created stable coin.

[coin-investor]

I don't think it has something to do with Libracoin, stable coin and Cryptocurrency is already here when planned on Libra coin hasn't been revealed, it's past circumstances coming from scam coins and the nature of stable coin and cryptocurrency that motivate this council to come out with that statement, it is good for the community that they come out such a strong statement, we are all committed to making the Cryptocurrency a safe environment for investors and users.

[Bitfling]

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:

“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”

https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain

is this because of libra ?

I don't think it's just about Libra. This is about stable coins so that there is a proper audit and this is certainly to protect the interests of investors to be safer. The increasing number of stable coins in the market without proper audits can make the cryptocurrency market buble and I think this is good so that buble can be prevented

[CjMapope]

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:

“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”

https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain

is this because of libra ?

damn it could be! 
that actually kinda seems like a good thing, its been way too easy for anyone to make a coin and sell it
and in 2019 specifically, COMPANIES have been jumping in on the craze
Libra was the nail in the coffin, but i think telegram selling billions$ in evaluation itself started the gov seeing this as out of hand

[NeuroticFish]

The timing may be caused by Libra. They were watching crypto currencies (especially Bitcoin) already, but the financial power and tight schedule behind Libra made them hurry with their homework (in regulating crypto). This is the main thing Libra has done until now (good or bad) : wake up the regulators.

The last part of that article is interesting. Although it contains the word Libra in it, it also tells about open-source blockchain. So it's going to be for Libra, but not necessarily only for Libra.

[DaMut]

I don't think it's just about Libra. This is about stable coins so that there is a proper audit and this is certainly to protect the interests of investors to be safer. The increasing number of stable coins in the market without proper audits can make the cryptocurrency market buble and I think this is good so that buble can be prevented

That is true this is not about Libra but all of this started after Libra face a regulation backlash from the government and making a domino effect to the others. As you stated the main point here is stablecoin itself because it brings potential financial risk to the country if it is allowed and regulated.
from the article above it seems like they are going to create a new rule regarding stablecoin but will remain the same for other cryptocurrencies.

[Vitamin_52]

Hardly because libra is done this system. Of course it is good that someone will begin to control at least some of the currencies. Perhaps after that, other countries will also connect.

[jaocoincrypto18]

I dont think that Libra cause this because Libra is not a stable coin in which it has to probe yet their performance in the market before it will consider a stable coin. The latest council development is because it is their job to protect their crypto users all the time to ensure that their hard earned money will not be wasted therefore the latest release is just a normal thing and it has nothing to do personally with any crypto.

[Kang TB]

Yes it is, but not at all.
You must read the additional note that has already created by a member of seven council too.
Just because swiss is a friendly crypto country and it doesn't mean if it will be allowing all of the actions by crypto without doing a monitor to the stablecoins and blockchain.
This action just like to give a protection to its investors that already joined in the crypto.
Stable coin needs to be monitored consider it can be manipulated because it has been controlling by a centralized party. The manipulation that happened in tether is more than enough to prove if we have a big question about the credibility of the company that created stable coin.

thanks, for your respond
maybe libra is not only the causes, but the fact libra is the main causes, right ?
personally i agree with you if a stable coins must be monitored, also all cryptocurrency with centralized system too my friend

[Rufsilf]

Yes it is, but not at all.
You must read the additional note that has already created by a member of seven council too.
Just because swiss is a friendly crypto country and it doesn't mean if it will be allowing all of the actions by crypto without doing a monitor to the stablecoins and blockchain.
This action just like to give a protection to its investors that already joined in the crypto.
Stable coin needs to be monitored consider it can be manipulated because it has been controlling by a centralized party. The manipulation that happened in tether is more than enough to prove if we have a big question about the credibility of the company that created stable coin.

thanks, for your respond
maybe libra is not only the causes, but the fact libra is the main causes, right ?
personally i agree with you if a stable coins must be monitored, also all cryptocurrency with centralized system too my friend

This is to know that the government seems to be in participating with crypto and part of this development since they are now giving such concern. Libra isn't finally in the market it may be because of these and I hope they could settle it down, but only for Libra but of all stable coins. It sounds like the Swiss government must have the power to control crypto in their place and to protect the rights of investors as well.

[Zicadis]

Most countries have been actively monitoring the impact of cryptocurrencies for some time now, it's not like governments have only just woken up to the fact that a parallel economy is developing alongside the fiat one.

However, so long as the technology doesn't overstep its bounds, and start outright looking to usurp the old way of doing things, I don't think we'll have much trouble with regulators for at least a few years.

Libra definitely could change that if it grows to threaten monetary policy, but that's still some ways off yet.

[BlackFor3st]

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:

“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”

https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain

is this because of libra ?

There is a possibility that the action of The Federal Council has been triggered by Libra but I guess there are still big happening behind it.

Especially that this move has been cooperated by goverments,banks and authorities so it must be triggered by something big as Libra is still in the process of launching.

[Questat]

Possibly and I think they are seeing that stable coin involves big money also, so if they will restrict Libra from operating, that's being unfair since Libra is classified as a stable coin. Either they are planning on banning stable coin which is good for crypto since it's really the purpose of crypto to be volatile with fix supply and decentralized, I don't know but one thing  in my mind now that tells me Libra will soon be in the market as they cannot ban all stable coins therefore allowing Libra but with strict regulation on general stable coins market.

[SamboNZ]

It may add to the factor but take into account that several companies and banks are starting to make their own digital fiat.

https://www.coindesk.com/ibm-signs-6-banks-to-issue-stablecoins-and-use-stellars-xlm-cryptocurrency because I really think the government in each country is afraid that the fiat will lose its leverage to other countries. Even the anti-crypto U.S. congressman Sherman said so.

[Twinkledoe]

Possibly and I think they are seeing that stable coin involves big money also, so if they will restrict Libra from operating, that's being unfair since Libra is classified as a stable coin. Either they are planning on banning stable coin which is good for crypto since it's really the purpose of crypto to be volatile with fix supply and decentralized, I don't know but one thing  in my mind now that tells me Libra will soon be in the market as they cannot ban all stable coins therefore allowing Libra but with strict regulation on general stable coins market.

Yes, sooner or later, Libra will gonna be in the market. We are only waiting for the time to hit them in the market. I don't think Zuckerberg will give up that easily. If other companies can create their own stable coin, why not him? He has all the resources that he can use to make this happen. The government is too strict with him because of his status in the industry.

[SamboNZ]

Yes, sooner or later, Libra will gonna be in the market. We are only waiting for the time to hit them in the market. I don't think Zuckerberg will give up that easily. If other companies can create their own stable coin, why not him? He has all the resources that he can use to make this happen. The government is too strict with him because of his status in the industry.

I really dont think it will happen soon since some of their backers dropped their support besides US and other countries regulators are putting on the pressure to Libra. Crypto exchangers wouldn't list libra because they may also get sanctioned and get investigated for getting involved with Libra.

[Kotone]

Maybe somehow. I think not just because of Libra, but also other big projects that concern some risk in the legalization or better improvement of this industry.

Of course European country will be alarm by how Libra is planning to launch a world wide phenomenon project which is based on US. You know how facebook is scrutinized due to its privacy issue right. Many people think especially in the cryptocoomunity that Libra could somehow attempt to do what happened on Facebook.

[ecnalubma]

I think its just a reminder, stablecoins are been around for years. Maybe due to the growing numbers of companies offering stablecoins made regulators keep an eye on them because it can also be use to attract and deceit investors. Its good for the ecosystem, we need a government approach lik this to protect us.

[dimonstration]

It's not about Libra, Libra maybe affected on this news but they really intend to look and regulate cryptocurrencies and stablecoins as well blockchains, since hey see possible ways that scammers and their government will be affected by this event if ever happens. More governments are planning to do this to monitor atleast stable coins that are backed or operated by an institution or organizations.