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Afghanistan vs Switzerland

Crypto regulation comparison

← Back to map | Afghanistan | Switzerland
Afghanistan

Afghanistan

Switzerland

Switzerland

Banned
Legal

Afghanistan effectively banned cryptocurrency in August 2022 under Taliban rule, declaring crypto 'haram' (forbidden). Authorities shut down 16 crypto exchanges in Herat and arrested traders. In 2024, enforcement intensified with provincial bans and public denouncements. Underground P2P trading persists despite the crackdown.

Switzerland is one of the world's most crypto-friendly jurisdictions. The Canton of Zug is known as 'Crypto Valley' and hosts the Ethereum Foundation and hundreds of blockchain companies. FINMA provides clear regulatory guidance, and the DLT Act (2021) created a legal framework for tokenized securities and crypto exchanges. Individual investors pay no capital gains tax on crypto, though it is included in the cantonal wealth tax base. Professional traders may be subject to income tax.

Tax Type None
Tax Type Wealth
Tax Rate N/A
Tax Rate 0% capital gains (individuals); wealth tax varies by canton
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Da Afghanistan Bank (Taliban administration)
Regulator FINMA (Swiss Financial Market Supervisory Authority)
Stablecoin Rules Not applicable — crypto banned
Stablecoin Rules Regulated under FINMA framework; fiat-pegged stablecoin issuers must hold a banking or fintech licence (reserves treated as public deposits), or a payment system licence under FMIA if structured as financial market infrastructure
Key Points
  • Taliban banned crypto in August 2022, declaring it haram (forbidden)
  • 16 crypto exchanges shut down in Herat; traders arrested
  • 2024 provincial bans with public loudspeaker campaigns against crypto
  • Crypto was used during the 2021 transition period for fund transfers
  • Underground P2P trading persists for remittances despite ban
Key Points
  • No capital gains tax on crypto for individual investors (private wealth management)
  • Crypto included in cantonal wealth tax base (rates vary by canton, typically 0.1-1%)
  • Professional/frequent traders may be classified as self-employed and taxed on income
  • FINMA regulates crypto under existing financial market laws and the 2021 DLT Act
  • DLT Act (2021) introduced DLT trading facility license and legal framework for tokenized assets
Sources
Sources