Crypto Country Spotlight: Switzerland 🇨🇭

1. No need to pay any taxes as long as you own the crypto assets for 6 months or longer and the crypto profits do not exceed 50% of your net income.

2. Residents in Lugano can use the Lugano app to pay for goods and services (including McDonalds!) with Bitcoin and Tether. They will even get a 10% cashback through the city’s own stablecoin called LVGA.

3. has 147 Bitcoin ATMs (ranked 7th worldwide)

4. Some 2.5 million customers already have access to Bitcoin and Ethereum as part of a collaboration between Switzerland’s state-owned Postbank and a digital asset bank called Sygnum.

5. Swiss Post leveraged AI to come up with its third Crypto Stamp 3.0 in both physical and Non-Fungible Token (NFT) formats.

6. After the collapse of crypto-friendly banks like Silvergate Bank and Signature Bank in the United States, crypto companies flocked to Switzerland because it fulfilled the urgently needed void that was a functioning fiat gateway.

7. In June 2023, the Swiss authorities seized $26 million worth of cryptocurrency funds belonging to Do Kwon and other senior executives from Terraform Labs.