The Swiss Federal Council has approved a bill enabling the automatic exchange of information regarding crypto assets with 74 countries, excluding the U.S., Saudi Arabia, and China.
Bill Provisions
The bill will take effect starting January 2026, with the first information exchange scheduled for 2027. Switzerland will share data on its crypto assets with 74 partner countries deemed relevant to the crypto market.
Participating Countries
All EU member states, the United Kingdom, and most G20 countries will be included in the bill. However, the U.S., Saudi Arabia, and China will not receive information on Switzerland's crypto assets.
Goals and Requirements
The exchange of crypto asset data will only occur if partner states consent to share their crypto data with Switzerland. Participants must also comply with the Crypto-Asset Reporting Framework developed by the OECD.
The bill aims to enhance tax transparency and combat cross-border tax evasion in light of the rapidly evolving crypto asset market.
