Switzerland opens stablecoin consultation as experts see potential to strengthen franc

Switzerland is taking a significant step by launching a public consultation on stablecoins, aiming to create a regulatory framework under the oversight of FINMA. This initiative, announced on October 22, invites feedback from both the public and industry experts, highlighting the potential of stablecoins to enhance the Swiss franc's stability and appeal. By engaging in this dialogue, Switzerland positions itself as a leader in the evolving digital currency landscape, which could attract innovation and investment to the country.