Starting in 2021, Switzerland will have a regulatory framework for cryptocurrencies and blockchain. On September 10, a package of amendments to the country’s legislation was approved by the Senate, Swiss Info reports.<\/p>\n
The new rules define principles for the exchange of digital securities, the process of asset returns, and the requirements for launching cryptocurrency exchanges. Earlier, the so-called “Blockchain Act” was approved by the House of Representatives.<\/p>\n
\n“From next year, Switzerland will have one of the most progressive regulatory bases,” said Heinz Tenler, head of the country’s Blockchain Federation.<\/p>\n<\/blockquote>\n
Earlier, the Swiss government rejected creating a separate legal framework to regulate the blockchain and crypto industries. Authorities decided to amend individual laws, ranging from corporate bankruptcy to securities trading.<\/p>\n
As of February 2021, the authorities of the Swiss canton of Zug will start<\/a> accepting taxes in BTC and ETH. Both companies and individuals will be able to settle payments in cryptocurrency.<\/p>\n
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