1、KPMG SwitzerlandKPMG Blockchain Report 2024January 2025DLT The Foundation of Digital Trust1 Introduction 32 Introduction 42.1 Financial Sector in Switzerland 52.2 Crypto Valley 63 Regulatory Overview 73.1 Regulatory developments 83.2 Prudential treatment of crypto exposures 114 Tax Overview 144.1 St

2、aking:Swiss Tax Implications for Financial Institutions 154.2 Outlook CARF 195 DLT in Audit 225.1 Innovation in Audit 236 Your Contacts 262 KPMG Blockchain Report 20241 IntroductionSubsequent chapters provide a detailed overview of the regulatory landscape,including key developments and their impact

3、 on the industry.We also examine the tax implications of staking for financial institutions and individuals,offering a thorough analysis of the challenges and opportunities in this area.The report concludes with an outlook on the future of DLT,supported by expert insights and recommendations,to help

4、 you navigate the evolving financial ecosystem.For example,the Swiss Bitcoin Association is currently in talks with Swiss politicians to revive and strengthen Switzerlands role in the cryptocurrency sector.Although Switzerland already has well-established regulatory foundations and a clear framework

5、 for crypto activities,there is a growing concern that other countries are rapidly catching up.To maintain its competitive edge and leadership position,Switzerland needs to take proactive measures so as not to fall behind.These discussions aim to explore new strategies and policies that will not onl

6、y reinforce the existing regulatory clarity but also lay a solid foundation to support innovation and growth in the crypto industry.In doing so,Switzerland can continue to attract and retain top crypto companies andtalent,thereby securing its status as a global hub for cryptocurrency and blockchain