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Crypto Asset Legalization & Relocation – Switzerland

Background

A client held $10M in crypto assets (primarily Bitcoin and Ethereum) acquired over several years through OTC purchases and exchange trading. His main concern was the lack of tax and legal clarity in his home jurisdiction, which prevented him from using the funds for investment or banking purposes.

The client’s objective was to:

  • Convert crypto into fiat currency in a compliant manner.

  • Ensure Swiss tax transparency and obtain official recognition of asset origin.

  • Secure regulated custody and establish a framework for future investments.

Challenges

  • High risk of triggering tax audits or AML flags if crypto was liquidated without structure.

  • Limited banking appetite for large crypto inflows.

  • Need to demonstrate legitimate origin of assets despite fragmented transaction history.

  • Requirement to preserve capital value during conversion and custody.

Our Solution

Noira Advisory structured a step-by-step Swiss onboarding process:

  1. Asset Traceability & Audit: We prepared a full transaction trail using blockchain forensics to evidence the lawful origin of $10M in BTC/ETH.

  2. Swiss Legal Opinion: Obtained an official tax ruling from a Swiss canton confirming that the assets, once declared, would fall under capital gains exemption (zero income tax).

  3. AML-Compliant Conversion: Partnered with a regulated Swiss VASP to convert a portion of the crypto holdings into EUR and CHF, ensuring compliance with FINMA standards.

  4. Custody & Banking Integration: Transferred the remaining digital assets into a Swiss regulated custodian, providing insurance coverage and institutional-grade security.

  5. Wealth Structuring: Integrated both fiat and crypto holdings into the client’s Swiss family holding, enabling diversification into real estate and private equity.

Result

  • Full legalization of $10M crypto assets within the Swiss financial system.

  • No taxation on realized gains due to favorable Swiss treatment of private capital gains.

  • Secure, regulated custody established with direct banking access.

  • Client gained long-term clarity and flexibility for future investments.

Impact

This case illustrates how Noira Advisory enables HNWI and entrepreneurs to transform unstructured crypto wealth into compliant, bankable capital in Switzerland — the most reputable private banking jurisdiction in Europe.

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