BTC $67,548.00 (-0.72%)
ETH $1,952.37 (-1.19%)
XRP $1.39 (-2.94%)
BNB $614.57 (-1.76%)
SOL $82.77 (-2.95%)
TRX $0.29 (+0.51%)
DOGE $0.10 (-3.45%)
BCH $570.60 (+1.01%)
ADA $0.27 (-3.45%)
LEO $8.20 (-1.95%)
HYPE $28.91 (-2.29%)
LINK $8.65 (-2.66%)
CC $0.16 (+0.03%)
XMR $327.07 (+0.44%)
XLM $0.15 (-4.04%)
RAIN $0.01 (+1.09%)
HBAR $0.10 (-1.86%)
LTC $53.35 (-2.91%)
ZEC $245.10 (-5.81%)
AVAX $8.84 (-3.11%)

Botswana vs Switzerland

Crypto regulation comparison

← Back to map | Botswana | Switzerland
Botswana

Botswana

Switzerland

Switzerland

Legal
Legal

Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.

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 Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator FINMA (Swiss Financial Market Supervisory Authority)
Stablecoin Rules No stablecoin regulation
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
  • Virtual Assets Act enacted in 2022, effective Feb 22, 2022
  • First African country to issue crypto licenses via NBFIRA
  • 4 licensed VASPs as of December 2024
  • Bank of Botswana assesses domestic crypto risks as minimal
  • Unregistered crypto dealers face fines up to P250,000 or imprisonment
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