Swiss banks are actively exploring the field of stablecoins

ChainCatcher news, according to Ledger Insights, the Swiss banking industry is actively exploring the field of stablecoins to enhance global competitiveness and drive financial innovation.

A recent report from the Swiss Bankers Association (SBA) pointed out that despite Switzerland facing strict anti-money laundering (AML) and know your customer (KYC) regulatory requirements in the development of stablecoins, stablecoins are still seen as an important opportunity for modernizing the financial system.

However, current Swiss regulations require stablecoin issuers to identify all holders at all times, a provision criticized by industry insiders as "Swiss-style overregulation," which limits the widespread adoption of stablecoins. To address these challenges, the SBA is studying a stablecoin model backed by central bank funds as reserves and is calling for a clearer regulatory framework to promote the development of stablecoins in Switzerland.