According to Deep Tide TechFlow, Bitcoin Suisse's legal counsel Peter Märkl criticized the shortcomings of the EU and Swiss stablecoin regulatory framework. Although the EU's MiCA legislation provides a unified framework, the classification and applicability of rules still need improvement and are disadvantageous to non-EU participants.
Märkl pointed out that Swiss regulation is unfriendly to issuers because it imposes KYC responsibilities on them, requiring knowledge of the holder's identity, which is unreasonable. He called for attention to stablecoin regulation and the provision of friendly rules.
In addition, Märkl revealed that Bitcoin Suisse plans to apply for a MiCA license in Liechtenstein and explore markets in the Middle East, the UK, and the US.
