The Swiss Federal Council has launched a session on a proposed modification to the Monetary Establishments Act.
The invoice goals to replace the regulatory framework to assist market growth, combine progressive monetary applied sciences, and mitigate dangers to monetary stability, integrity, and investor and shopper safety.
The session will run till 6 February 2026.
The proposed modification introduces two new license classes.
Fee instrument establishments would substitute the prevailing fintech license, with changes to enhance attractiveness and shopper safety.
Consumer funds can be segregated within the occasion of establishment failure, and the present CHF 100 million restrict on taking consumer deposits can be eliminated.
These establishments would even be permitted to challenge a particular kind of stablecoin, topic to outlined obligations, together with detailed anti-money laundering due diligence necessities.
Crypto-institutions would offer companies with cryptocurrencies.
Their licensing and operational standards are primarily based on these for securities corporations however are much less complete, as they don’t supply companies with monetary devices.
They need to additionally meet necessities to forestall conflicts of curiosity.
“Sure changes are nonetheless essential to be able to additional enhance the attractiveness of the Swiss regulatory framework and to strengthen shopper safety,”
the Federal Council mentioned in its 2022 analysis report.
The brand new invoice additionally implements worldwide requirements for the supervision of stablecoins and different cryptocurrency companies.
Featured picture credit score: Edited by Fintech Information Switzerland, primarily based on picture by rawpixel.com through Freepik