Hong Kong Retains Top Spot As Best-Prepared Jurisdiction for Widespread Cryptocurrency Adoption in 2023
For the second year in a row, Hong Kong has been named the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, according to a study that factors in the existence and reach of crypto through ATMs, businesses, accessibility, and legality.
Understanding Cryptocurrency Taxation in Switzerland: A Comprehensive Guide
Switzerland has become a popular destination for cryptocurrency enthusiasts, but it's important to note that cryptocurrencies are still subject to taxation. The tax treatment of cryptocurrencies in Switzerland can vary based on factors such as the purpose of holding or using them, an individual's tax residency, and the regulations of the specific canton.
SDX and CV VC Partner Up To Boost Swiss Crypto Landscape
SDX, the first regulated digital asset infrastructure provider in Switzerland, has partnered with venture capital firm CV VC to strengthen digital private equity in the country. The collaboration aims to drive innovation in the Swiss blockchain ecosystem and revolutionize the private equity market by optimizing financing solutions, enhancing transparency, and leveraging blockchain technology.
Swiss Citizens Embrace Bitcoin for Everyday Payments, Says Lugano's Plan Head
Switzerland, known for its banking secrecy laws, has seen a growing adoption of Bitcoin for everyday payments, particularly in the city of Lugano. The head of Lugano's Plan ₿ initiative, Giw Zanganeh, believes that the Swiss society's interest in Bitcoin aligns well with Swiss values of individual sovereignty and financial privacy.
Swiss Custody Report: Only 20% of Digital Asset Custodians Support Securities
The survey also covered a variety of companies, including exchanges, brokers, banks, wallet providers, and technology providers. With Switzerland's rich crypto and blockchain foundations, seven technology offerings are available, including global market leaders Metaco and Fireblocks.
Credit Suisse Partners With Swiss Football Association To Launch Ethereum-Based NFT Collection Supporting Women’s Football in Switzerland
July 4 (Cointime) - Credit Suisse has teamed up with the Swiss Football Association to launch an NFT collection on the Ethereum blockchain to support women's football in Switzerland.
Slovakia Approves Legislation to Reduce Taxation on Crypto Income
July 1 (Cointime) - Legislation has been passed in Slovakia to regulate and reduce the taxation rate on crypto income. The new law allows for a favorable tax rate of 7% on crypto assets held for at least a year, making Slovakia a crypto-friendly country.
Julius Baer Heads to Dubai in First Expansion of Crypto Ambitions Beyond Switzerland
June 29 (Cointime) -Julius Baer is expanding its crypto wealth management services in Dubai, marking the firm’s first major digital-assets push beyond the borders of its native Switzerland.
Zug, Switzerland Ranked Highest Overall in CoinDesk's Crypto Hubs 2023 Rubric
June 27 (Cointime) - Zug, Switzerland has been ranked as the top location for cryptocurrency-related companies and events, as well as having a favorable regulatory structure and high quality of life, according to CoinDesk's Crypto Hubs 2023 rubric. Known as "Crypto Valley" and the birthplace of Ethereum, Zug is an attractive location for crypto start-ups due to its clear regulatory framework.
DAO Suisse Association: Revolutionizing Switzerland's Role in the DAO Sphere
June 26 (Cointime) - The DAO Suisse Association has been formed to strengthen Switzerland's position as a leading global hub for Decentralized Autonomous Organizations (DAOs). The association includes key stakeholders from various sectors, committed to driving innovation, advocating for clear regulations, and creating a dynamic networking platform to facilitate growth and knowledge transfer within the DAO ecosystem.
