---
type: subdivision
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "fatf", "crypto_friendly"]
aliases: ["CH-ZH", "CHE-ZH", "Zurich"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--switzerland]]"]
sources:
  - name: "FINMA"
    url: "https://www.finma.ch"
    type: "official"
  - name: "FINMA Banking Act and DLT Act"
    url: "https://www.finma.ch"
    type: "framework"
---

# 🇨🇭 Zurich (Canton) (CH-ZH) — Crypto Regulation

> Switzerland, specifically Zurich Canton, maintains a crypto-friendly regulatory environment under FINMA supervision with clear frameworks such as the Banking Act and DLT Act. FINMA emphasizes proportional, risk-based, and technology-neutral supervision, supporting innovation while ensuring market integrity.

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Sub-jurisdiction of | [[country--switzerland|Switzerland]] |
| Risk Score | 15/100 (Low Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--chf|CHF]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

The regulatory text does not specify exact tax rates or rules for cryptocurrencies, but Switzerland generally does not apply VAT on crypto transactions and treats capital gains favorably for individuals.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--finma|FINMA]] |
| Framework | FINMA Banking Act and DLT Act |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing is required under FINMA with a focus on proportional and risk-based supervision. The process is medium in difficulty, balancing innovation and compliance.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities fall under existing FINMA regulations, requiring compliance with AML and licensing rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the DLT Act and related FINMA guidelines, ensuring consumer protection and financial stability.

## NFTs

**Status:** no_rules

No specific NFT regulation; generally permitted

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | excellent |

Mining is legal with moderate electricity costs and good infrastructure. Renewable energy accounts for 30% of supply.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Ease of Business | very_easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

No significant enforcement actions reported; jurisdiction actively encourages crypto business

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [FINMA](https://www.finma.ch)
- [FINMA Banking Act and DLT Act](https://www.finma.ch)