Crypto: at the heart of the Swiss ecosystem
Is Switzerland the crypto 'paradise' that some people make it out to be? The Big Whale went there to find out.
Where do I begin to tell you about Switzerland?
Perhaps with the most obvious: NO, and at the risk of disappointing some, Switzerland is not a crypto paradise.
- Bitcoin is not the official currency
- You can't pay in cryptos in all shops
- Some banks refuse to open accounts for companies in the ecosystem
And we could go on like this for a long time 😅.
On the other hand, Switzerland - population 9 million - is clearly one of the most welcoming countries, thanks in particular to its particularly attractive taxation on cryptos (There is no capital gains tax for individuals), as we were able to see during our report.
Small (non-exhaustive) overview of the Swiss ecosystem.