Switzerland stablecoin licensing could bolster franc and tokenised markets
By The Cryptonomist
Regulators in Bern have opened a consultation to shape oversight of a switzerland stablecoin intended for payments, requiring issuers to hold fully backed, segregated reserves and clear redemption rights for holders. FINMA published the Oct. 22 proposal proposing a new licence for payment institutions. The Oct. 22 draft would create a new licence for payment instrument institutions issuing value‑stable, blockchain‑based tokens, mandating full backing with high‑quality liquid assets and segregated reserves. Issuers must notify FINMA at least 60 days before launch, which regulators say allows time for review and operational readiness. That requirement is intended to send a STRONG supervisory signal.
