SIX launches digital assets regulatory and tax service
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SIX launches digital assets regulatory and tax service 01 April 2025Switzerland Reporter: Jack McRae
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SIX has launched a digital assets regulatory and tax service which aims to provide financial institutions with a single information source to help identify their exposure to digital assets.
The global financial data and market infrastructure provider says this comes amid growing demand from firms to gain a clearer picture of their digital asset regulatory obligations.
The tool will help firms monitor, flag, and process changes in existing regulatory and tax requirements that relate to their digital assets.
Roy Kirby, head of core products at SIX, says: “This tool couldn’t arrive at a more opportune time for financial institutions in Europe and farther afield. It will provide firms with an extremely detailed and reliable snapshot of their digital assets obligations across an incredibly vast array of crypto-based instruments.
“Critically, it will do so at a time when the regulatory landscape for digital assets is shifting at an unprecedented rate. More and more institutions across the globe are rallying to adopt digital assets in a safe and secure fashion, and comprehensive data tools like this will be essential in enabling them to do so.”
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