Swiss Holdoff: Crypto Tax Reporting Won’t Start Until 2027
According to the Swiss Federal Council and government sources, Switzerland will postpone the automatic exchange of cryptocurrency account data with foreign tax authorities until at least January 2027. Related Reading: $36 Million Gone: Solana Hack Strikes South Korea’s Top Exchange That means the country will still pass new rules next year, but the cross-border sharing […]
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Swiss Socialist Party parliamentarian Jean Christophe Schwaab submitted a request to the Swiss National Council seeking a report on Bitcoin, particularly on the digital currency’s potential and risks. Schwaab said Bitcoin’s ability to possibly facilitate money laundering is a concern. Switzerland, of course, is world famous for its banking industry. Schwaab acknowledged, too, that Bitcoin could be a good thing for Switzerland, but his concerns seemed to stem primarily from a piece of reporting in which a Swiss journalist was able to buy drugs with Bitcoin from the Silk Road. He said he....
The Swiss government has announced a delay in its plans to implement a major crypto law. This comes as governments worldwide face difficulty in achieving uniform crypto tax regulations, even as the crypto industry heats up with wider adoption. Swiss Government Delays Implementation Of Popular Crypto Law In a press release, the Swiss Federal Council […]
According to reports, the UK Treasury will extend existing finance laws to cover cryptoasset firms, with the new rules set to take effect in October 2027. Related Reading: Crypto’s Back-End Gets A Boost As Coinbase And Standard Chartered Join Forces This means exchanges, wallet providers and other crypto service companies will move beyond current anti-money-laundering […]