Step 1: Contact a Swiss bank (such as UBS) and become a private banking client
Step 2: Tell your relationship manager that the source of the funds is crypto
Step 3: Sign up with Coinbase or Kraken and complete the highest level of verification
Step 4: Transfer USDT from your exchange (such as Binance) to Coinbase or Kraken, then sell it for fiat currency
Step 5: Transfer the fiat currency from Coinbase or Kraken to a Swiss bank
If it's 200 million U, you can't withdraw it all at once; you'll have to spread the withdrawals over several months
Once the money reaches Switzerland, you'll have few restrictions on how you use it, including deposits, withdrawals, and large transactions
Finally, whenever you withdraw funds, you need to declare capital gains tax in the country where you live. For example, I’m in the UK, and each year I have to report the amount I withdrew to HMRC.
