Switzerland: User identification requirement in amendment to Financial Institutions Act
Progress
Current status
in consultation
06 Feb 2026 processing consultation
22 Oct 2025 in consultation
Scope
Implementers
Switzerland
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Federal Council closes consultation on amendment to Financial Institutions Act, including user identification requirement
On 6 February 2025, the Federal Council closes the consultation on the amendment to the Financial Institutions Act, including user identification requirement. The amendment applies to payment institutions issuing stablecoins and intermediaries in se…
SourceEvent type
law
Action type
consultation closed
Government branch
executive
Government body
central government
Federal Council opened consultation on amendment to Financial Institutions Act, including user identification requirement
On 22 October 2025, the Federal Council opened a consultation on the amendment to the Financial Institutions Act, including user identification requirement, until 6 February 2026. The amendment applies to payment institutions issuing stablecoins and…
SourceEvent type
law
Action type
consultation opened
Government branch
executive
Government body
central government