Jurisdiction reference
Switzerland
Regulator: FINMA. License/registration context: Licensing. 24 VASP/entity records are tracked by Plexo Institute in Switzerland. Official registry source: FINMA Licensed Entities. Data last updated: 2026-08-28.
Switzerland currently regulates stablecoins through technology‑neutral application of existing banking, securities, CIS and AML laws, supplemented by FINMA Guidance 06/2024, which clarifies that most fiat‑pegged stablecoin claims are deposits or collective investment schemes and that issuers are financial intermediaries subject to strict AML/KYC and limitations on the use of bank default guarantees. The Federal Council has now launched a legislative project to introduce specific licence categories (notably “payment instrument institutions”) and an explicit regime for “value‑stable crypto‑based payment instruments”, tightening prudential oversight while aiming to keep Switzerland attractive for digital‑asset innovation.
Regulatory Status
- Jurisdiction code
- CH
- Regime
- Licensing
- Regulator
- FINMA
- Governing law
- AMLA / DLT Law 2021
- Travel Rule
- Enforced
- Tracked entities
- 24
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- CHF
Regulatory approach
FINMA is Switzerland’s integrated financial‑markets supervisor responsible for licensing and supervising banks, securities firms, collective investment schemes, insurers and a wide range of fintech and crypto‑asset service providers; it applies and interprets federal financial‑market legislation, issues guidance such as the 2019 ICO supplement and 2024 stablecoin guidance, and enforces AML/CFT standards in coordination with the Federal Council’s legislative policy.
Relationship Graph
Jurisdiction FAQ
Who regulates Switzerland?
The current Plexo Institute record lists FINMA as the regulator for Switzerland.
How many VASPs are tracked in Switzerland?
24 VASP/entity records are tracked by Plexo Institute in Switzerland.
What is the Travel Rule status in Switzerland?
The current Plexo Institute record lists the Travel Rule status for Switzerland as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.