Switzerland: Federal Council closes consultation on amendment to Financial Institutions Act, including user identification requirement
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government