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Switzerland seeks to balance stablecoin regulation with growth

The Swiss flag.
The ultimate goal will be to issue stablecoins pegged to the Swiss franc, and attract investors. Photo: Sean Gallup/Getty Images

The country has a strong history of stable and secure traditional banking; now, it wants to take that reputation into new tech and decentralized finance.

Switzerland’s Federal Council has launched a consultation aimed at amending the country’s Financial Institutions Act and, in doing so, opening the door for the issuing of stablecoins pegged to the Swiss franc.

In a press release, the Council said it hoped the consultation will improve the “framework conditions for

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