According to TechFlow, Bitcoin Suisse General Counsel Peter Märkl criticized the EU and Switzerland's stablecoin regulatory framework for shortcomings. Although the EU's MiCA Act provides a unified framework, the classification and application of rules still need to be improved, which is disadvantageous to non-EU participants.
Märkl pointed out that Swiss regulation is not friendly to issuers because it imposes KYC responsibilities on issuers and requires them to know the identity of holders, which is unreasonable. He called for attention to stablecoin regulation and the provision of friendly rules.
Additionally, Märkl revealed that Bitcoin Suisse plans to apply for a MiCA license in Liechtenstein and explore the Middle East, UK, and US markets.
