Post
Topic
Board Legal
Re: Switzerland to Launch Automatic Exchange of Crypto-Asset Data
by
avikz
on 11/06/2025, 17:46:17 UTC
They are known worldwide for their banking secrecy law which allows them to protect the information of their banking customer's data from any countries in the world.
Long gone are the days when the Swiss banks had any banking secrecy. Nowadays they will readily give your personal and bank information to anyone who asks nicely.

Yeah, they got rid of that secrecy like 5-10 years ago. I think we should have all learned by now that any friendliness a government shows towards crypto will likely be short-lived. The interests are simply too conflicting between what governments want and what crypto enables.

It's a shame! Because their banking secrecy laws only helped them to become one of the world's richest countries by per capita income. It's a shame that they have scrapped that law which gave them financial superpower.

No wonder they will do the same for the cryptos now. Also right, the interest towards crypto may be short lived in this case.