*Switzerland's FINMA Proposes New Regulations for Stablecoins*$BTC $ETH $USDC

The Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers to enhance regulatory oversight and mitigate financial risks ¹. The proposed regulations aim to:

- *Classify stablecoin issuers as financial intermediaries*: This classification is due to the increased risks associated with money laundering, terrorism funding, and sanctions evasion linked to these digital assets

- *Establish a framework for default guarantees*: Stablecoin issuers can operate without a banking license if they meet specific conditions, such as having a guarantee from a bank in case of default and allowing immediate claims in case of insolvency

- *Enhance depositor protection*: FINMA's measures aim to protect depositors, but they do not provide the same security as a banking license ¹.

These proposed regulations reflect growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem