Cryptocurrencies like Bitcoin are no longer the reserve of tech experts or specialist investors. Easy access to digital currencies and wide coverage in the press has increased awareness across demographics, especially once the value of tokens exploded. Here’s what you need to know to ensure real-world tax compliance of your virtual assets.
Depending on their specific attributes, both Asset Tokens and Utility Tokens could qualify as taxable securities for Swiss Stamp Transfer Tax purposes. Taking into account Swiss Stamp Transfer Tax aspects for ICOs and the subsequent Token trading is thus essential in order to avoid surprises.