Swiss banks are actively exploring the field of stablecoins

According to Ledger Insights, Swiss banking is actively exploring the stablecoin sector to enhance global competitiveness and drive financial innovation. A recent report by the Swiss Bankers Association (SBA) indicates that despite strict anti-money laundering (AML) and know-your-customer (KYC) regulatory requirements, stablecoins are still viewed as an important opportunity for modernizing the financial system. However, current Swiss regulations require stablecoin issuers to identify the identity of all holders at all times, a requirement criticized by industry professionals as "excessive Swiss-style regulation" that limits widespread stablecoin adoption. To address these challenges, the SBA is studying stablecoin models backed by central bank funds and calling for the establishment of a clearer regulatory framework to promote stablecoin development in Switzerland.