Tech start-ups may (partly) compensate their founders, developers or employees using cryptocurrency. There are various good reasons to do so. It’s an effective way for innovative tech industry employers to attract the most talented people, and it frees up fiat funds for investment in the growing business.
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.
As Initial Coin Offerings draw more attention to investors outside of the blockchain ecosystem, the demand for compliance continues to grow. And with it, so too the necessity for a sound business structure accepted by regulators. Switzerland is poised to lead the way.