SACA held the 2nd off-line blockchain conference on June 30th, 2022 at the Embassy of Switzerland in Seoul, South Korea by co-hosting with JSCO Holdings (formerly Jeil Steel 023440, listed by KOSDAQ) under the theme of "2022 NFT & Crypto Asset Regulation, Accounting and Taxation, Learning from Switzerland". This conference took place in partnership with Switzerland Global Enterprise (https://www.s-ge.com) and Emoji Games (www.emojigames.io) one of the leading NFT gaming platforms and ETH layer 2 providers, headquartered in Zug, Switzerland.
In a congratulatory speech at the conference, Swiss Ambassador Dagmar Schmidt Tartagli said, “Switzerland has played a pioneering role in raising the stability and sustainable development potential of related industries by setting guidelines, regulations and accounting & taxation standards necessary for digital assets. We hope that it will provide inspiration and positive impact to the new digital asset policy in South Korea and serve as an opportunity to increase our understanding of the Swiss industrial environment.”
The SACA's expert counsel and lead lawyer/compliance officer of Jaybee, Jürg Baltensperger gave presentations about basics of the Swiss government's regulation of virtual assets, FINMA's token classification guidelines, and the regulatory differences according to the token classification. He also introduced Switzerland's unique way to regulate virtual assets, self-regulatory organizations (SROs) and their virtual asset business and licensing requirements, and FINMA's anti-money laundering (AML) regulations for virtual assets.
Next, Silvan Amberg, a partner at Sylvan Amberg LLC, a Swiss tax consulting firm, explained the Swiss tax rules for virtual assets and NFTs. He presented the Swiss tax system, the requirements for establishing a business in Switzerland, the corporate tax rules for virtual assets, how to treat value-added tax (VAT) on virtual assets, and a case study of an NFT investment company in terms of Swiss tax rule perspective.
For today’s conference, c.a. 50 VIP (invitation-only) of Korean key crypto & blockchain community stakeholders attended this conference such as university professors (Yonsei, Sogang universities,GIST etc), KR government policy advisors, leading blockchain media (Coindesk Korea, Blockchain today, Edaily, etc), virtual assets exchange & related industry professionals & various NFT project owners, blockchain lawyers (D'light Law Firm, Tech & Law - Linn, etc), securities & fintech industry executives ( Mirae Asset, Danal, PayProtocol, Paygate etc)
