Insights
Loss of Bitcoin – What Legal Remedies Are Available?
Losing a private key can result in the irreversible loss of Bitcoin. In cases involving erroneous transfers, hacking or mistakes by a custodian, however, legal remedies may be available to recover the Bitcoin or claim damages.
Wages in Bitcoin under Swiss Law
As a general rule, the employment contract can contain an agreement that wages are not paid in Swiss francs but in another currency. The extent to which this also applies to Bitcoin or other cryptocurrencies and the associated risks need to be examined on a case-by-case basis.
This Swiss Canton Just Made it Legal to Pay Taxes in Bitcoin and Ether
Swiss Canton of Zug allows individuals and corporations to pay taxes in Bitcoin or Ether as of February 2021. The government appointed Bitcoin Suisse AG as the payment processor.