Switzerland moves forward with plans to automatically share data related to cryptocurrencies with 74 partner countries, including Great Britain and all European Union Member States.
The Federal Council, the Swiss government, adopted a law enabling automatic exchange of information (AEOI) to crypto with partner countries, advice announced June 6.
The proposal also suggests providing data of most G20 countries. The middle excludes the United States, Saudi Arabia and China, According to To post X by the Swiss federal government.
The Act is currently discussed in parliament and, if approved, the AEOI framework for cryptocurrency assets would enter into force on January 1, 2026.
The first exchange of data expected in 2027.
The novel proposal is in line with the shipment of the Federal Council to the International and National Legal Brahes of AEOI regarding cryptographic assets adopted on February 19, 2025.
During the meeting on June 6, the Council adopted the shipment of AEOI approval, focused on the first exchange of cryptographic data taking place in 2027.
Before actual exchange of data on cryptographic assets, the Federal Council proposed a review whether the partner states that AEOI was activated, it still meets the requirements of the standard.
“To this end, the existing mechanism of review of AEOI financial account information should also include AEOI in the future regarding cryptocurrency assets that require a properly changed federal decree,” said the council.
The exchange depends on the mutual percentage
In the announcement, the Federal Council emphasized that AEOI should only take place when partner countries are interested in exchanging information with Switzerland.
Countries must also meet the requirements of cryptocurrency reporting (CARF) developed by the Organization of Economic Cooperation and Development (OECD).
Advice excellent that the EU will implement AEOI on cryptographic assets under the eighth update of the Directive in the field of administrative cooperation or DAC.
“The affected cryptographic service providers from Switzerland from that moment would have a direct reporting obligation in EU Member States, and this will continue until Switzerland introduces ECPC in all EU Member States,” said the council in a statement.
According to the Federal Council, the adoption of AEOI cryptography will support Switzerland meet international obligations regarding tax transparency, strengthen the financial sector’s reputation and create equal opportunities for local cryptographic companies.
“That is why Switzerland is significantly interested in integration with this network and implementation of AEOI with cryptocurrency assets since 2026, especially since it is likely that Switzerland will receive data on cryptocurrency resources from partner countries,” the council said.
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