Peter M ä rkl, General Counsel of Swiss cryptocurrency exchange Bitcoin Suisse, stated during the German blockchain cycle that there are still significant shortcomings in the EU MiCA framework and Switzerland's stablecoin regulation. M ä rkl pointed out that although MiCA provides a unified framework for stablecoin issuance and custody, the classification of cryptocurrency assets is still unclear and poses a disadvantage to non EU issuers. He also criticized Swiss regulators for requiring issuers to identify the identity of the holder (KYC), stating that it is "unreasonable". He acknowledged that the Swiss Distributed Ledger Technology Act has laid a good legislative foundation, but four years later, there are still loopholes in stablecoin regulation, and a more friendly rule system needs to be established. (Cointelegraph) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44995