[Switzerland Proposes Regulatory Framework for Stablecoin Issuance] The Swiss government has initiated a consultation process, planning to allow the issuance of stablecoins within the country to further solidify its leading position in the global cryptocurrency sector. The proposal suggests the establishment of two new types of licenses: 'Payment Instrument Institutions' and 'Crypto Institutions,' aiming to integrate stablecoin issuers into Switzerland's financial legal regulatory framework. Switzerland is renowned for its robust financial system, and its currency, the Swiss Franc, has long been regarded as one of the most trusted currencies globally. The proposal envisions the introduction of a stablecoin pegged to the Swiss Franc, characterized by high transparency, full reserves, and regulation by the Swiss Financial Market Supervisory Authority (Finma), distinguishing it from cryptocurrency projects in other regions with less developed regulatory frameworks.