Classification, custody, regulation and taxation

Overview of topics: Digital assets, risk management & regulation 🇨🇭

 

Basics of digital assets and DLT 💻

• Definition & technology: Clarification of the term ‘digital assets’ and distributed ledger technology (DLT).
• Categorisation (FINMA approach): Distinguishing between tokens based on their function: payment tokens 🪙, security tokens 📈 and utility tokens ⚙️.
• Token types: The difference between native and non-native tokens.

Volatility, opportunities & risks 📉⚠️

• Volatility: Definition and explanation of why cryptocurrencies are so volatile.
• Assessment: List of opportunities (advantages) 🚀 and risks (challenges) ⚠️ of digital assets.
• Solution: Ways to reduce volatility.

 

Risk management and portfolio strategy 🧺🧭

• Diversification: The ‘golden rule’ (don't put all your eggs in one basket) and the strategy for risk reduction.
• Decision-making: The risk-return ratio and risk tolerance as the ultimate benchmark.
• Practice: Concise portfolio weighting and dealing with the ‘greed trap’ (profit-taking)

Custody and regulation (focus on Switzerland) 🏦🛡️

• Custody: The two main forms of storage: regulated crypto exchanges (third-party custody) and self-custody (wallets) 🔑.
• Swiss regulation: Switzerland's leading role 🇨🇭, its regulatory pillars and international positioning.
• Taxation (Switzerland): Specific treatment of wealth tax 💰 and income tax 📈 on crypto gains, including important compliance points.