Crypto and Switzerland - page 2. | Bitcointalksearch.org

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: countryfree on November 16, 2017, 03:50:26 PM

Switzerland has changed a lot. Their banks aren't what they used to be. They've joined the AEOI club, sharing all your financial data with tax services of more than 100 countries. And my bank account which was free, now requires a 25 CHF monthly fee because of my foreign residence.

this is true-Switzerland had to cave in
now the saying "safe as a swiss bank" is no longer valid
before you could be a criminal,a terrorist or whatever but your data and your money would have never been disclosed to anyone
if you kept them in a swiss bank,it has all changed not so long ago http://money.cnn.com/2015/03/19/news/switzerland-tax-evasion/index.html
https://www.swissinfo.ch/eng/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134

strocifer

newbie

Activity: 42

Merit: 0

The country is quite dynamic on crytpocurrencies.
The area around Zug is now called the crypto valley, plenty of blockchain-related start ups are settling there.
Not sure the earnings on crytpo are taxed as it was mentioned above. Earnings on stocks or fx are not taxed here except if it's your main activity. Should be the same for cryptos

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

Opportunity in cryptocurrency is what makes every nations doubtful to declare it without giving it a try.. Those who misjudged the bitcoin phenomenon as nothing but a speculative mindset of everyone is wrong because in the first place to make this work out the that think it would be,, they depend on the experts of financial /economics that has no knowledge,,or have experienced this kind of investments.. They do rely on assumptions that is not what bitcoin is..

adamcro

member

Activity: 276

Merit: 23

Quote from: SoniaBlack on November 17, 2017, 07:53:02 AM

I have a friend who lives in swiss, I can ask him if you want to ?

Well if you can I would be very grateful

bribed

full member

Activity: 238

Merit: 100

As far as I know Switzerland is a very crypto-friendly country, but there are still taxation laws that will need you to pay taxes on you crypto earnings. So it is advisable there too, as for every other country, to always keep track of the trades you make in case you one day will need them for the authorities.

SoniaBlack

jr. member

Activity: 75

Merit: 5

crypto2win.com - Know what to do with your Crypto

I have a friend who lives in swiss, I can ask him if you want to ?

strocifer

newbie

Activity: 42

Merit: 0

Living in Geneva, I don't know any merchant or service proposing BTC as a payment method.
But you can trade on whatever crypto you want, plus your profit are not taxed (capital gains aren't taxed here).

Samarkand

sr. member

Activity: 658

Merit: 282

New Bitcoin derivatives / futures by Vontobel and Leonteq Securities:
https://cointelegraph.com/news/vontobel-and-leonteq-securities-launch-bitcoin-futures

Quote

Switzerland-based companies Vontobel and Leonteq Securities AG are launching separate futures products that will allow customers to bet against the price of the leading cryptocurrency Bitcoin.

Vontobel has offered a few Bitcoin related certificates for a few weeks already. However, you should really look into
the tax situation in your country before purchasing a product like this. If I buy a Vontobel certificate in my country I have to
pay capital gains tax on any profits. If I instead buy BTC directly at the exchange of my choice any profits are completely tax-free after
a speculative period of one year. Therefore it doesn´t really make sense for me to buy one of these derivative contracts.

Nonetheless, these are big news for institutional investors that want to track the BTC price, but don´t want the hassle
and the security risk of storing their coins themselves.

sindikat

full member

Activity: 364

Merit: 106

Switzerland has always been a safe haven for all who kept in Swiss banks their capital. After Switzerland stopped to keep the banking secrecy and for any requirement to provide information about the assets of people suspected of any crime, she lost confidence. Possible with the help of bitcoin Switzerland is trying to regain the status of a country for the safe storage of capital.

adamcro

member

Activity: 276

Merit: 23

Quote from: ALT67890 on November 16, 2017, 07:02:45 PM

Having the same thoughts that Switzerland will banned cryptocurrency because of its best well known for being one of the leading banking capital in the world. That’s why I’ve asked for any information to it, as Op have done. Sometimes it is shocking how the government response to what is new technology and sometimes expectations are not accurate. Every country makes different approach toward bitcoin because of self interest, that Swiss shows that has none or might also be playing along as off shore accounts has getting controversial this past years.

Maybe because they are one of the best baking countries in the world they want to be pioneer in this crypto banking, you never know what might happen

ALT67890

full member

Activity: 126

Merit: 100

Having the same thoughts that Switzerland will banned cryptocurrency because of its best well known for being one of the leading banking capital in the world. That’s why I’ve asked for any information to it, as Op have done. Sometimes it is shocking how the government response to what is new technology and sometimes expectations are not accurate. Every country makes different approach toward bitcoin because of self interest, that Swiss shows that has none or might also be playing along as off shore accounts has getting controversial this past years.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Switzerland has changed a lot. Their banks aren't what they used to be. They've joined the AEOI club, sharing all your financial data with tax services of more than 100 countries. And my bank account which was free, now requires a 25 CHF monthly fee because of my foreign residence.

adamcro

member

Activity: 276

Merit: 23

Well this is very good news Cheesy

Jating

hero member

Activity: 2842

Merit: 772

Quote from: adamcro on November 16, 2017, 12:51:47 PM

As we all know Switzerland is well known for its banking system. I watched Wolf Of Wall Street, well you know how protected Belfort was in Switzerland. I'm wondering is Switzerland opened to crypto currency. Do they allow to save your money earned and cashed out via different crypto exchange websites

As far as I know Switzerland is already bitcoin friendly. They even have a bitcoin bank approved,

https://www.cnbc.com/2017/07/12/switzerlands-legendary-banking-system-gave-bitcoin-vote-of-confidence.html

And they even allowed there residence to pay taxes in bitcoin,

https://news.bitcoin.com/chiasso-switzerland-to-allow-citizens-to-pay-taxes-in-bitcoin/

So to answer your question, Yes, Switzerland is very much open to crypto currency specially bitcoin.

adamcro

member

Activity: 276

Merit: 23

As we all know Switzerland is well known for its banking system. I watched Wolf Of Wall Street, well you know how protected Belfort was in Switzerland. I'm wondering is Switzerland opened to crypto currency. Do they allow to save your money earned and cashed out via different crypto exchange websites

Topic: Crypto and Switzerland - page 2. (Read 1124 times)