According to the BlockShow report, Switzerland scored the highest number of points, which according to the ranking is the best country to develop businesses related to crypto or blockchain technology.

The authors of the ranking pointed out the positive regulatory trends in this country, a stable and decentralized political system, and low taxes. It was pointed out that fees up to 200 Swiss francs imposed by local authorities can be paid in bitcoins.

The approach of the national regulator of the financial markets is also a great advantage of developing business in Switzerland. As early as February FINMA published the guidelines for ICO processes, which are to be fully regulated. As part of these guidelines, it was indicated that some tokens issued in the ICO processes will be treated as securities (which is not equivalent to considering them as securities). FINMA introduced a classification of tokens based on their economic functions and transferability. In this case payment tokens, utility tokens and capital tokens were distinguished. It is to the latter that the laws concerning securities apply.

Which country is Crypto Tax friendly?