Swiss lawmakers are taking a slow—but sure—approach to regulate digital currencies and fintech in the country.

Eyeing to introduce legislation in 2017, Switzerland’s Federal Department of Finance (FDF) recently outlined its plan, which include a license that is specifically for fintech companies. The FDF is also planning to create a regulatory “sandbox,” or an innovation area, for experimental firms.

The proposed legislation names the Financial Market Supervisory Authority to become the primary regulator of fintech companies operating in Switzerland. FDF said it plans to delve deeper into bitcoin and other digital currencies, as well as other applications for blockchain.

“The new regulation sets out in concrete terms one of the strategic thrusts of the financial market policy recently adopted by the Federal Council,” FDF said in a statement. “The Federal Council has instructed the FDF to draw up a consultation draft with the required legislative amendments by the start of 2017. Moreover, the FDF should conduct additional clarifications in cooperation with the interested authorities on reducing further barriers to market entry for fintech firms, also those outside financial market law (e.g. legal treatment of virtual currencies and assets).”