Switzerland Prepares for Automatic Crypto Asset Data Sharing
Switzerland is gearing up to begin automatic crypto asset data sharing with over 70 countries, including all EU member states and the UK, as part of a broader push toward international tax transparency. The Swiss Federal Council announced on June 6 that it has approved a legislative package enabling this exchange, which is now under parliamentary review. If passed, the new rules will come into effect in early 2026.
While most G20 nations are included in the plan, key holdouts like the U.S., China, and Saudi Arabia are not on the list. The government emphasized that data sharing would only proceed with countries that express mutual interest and meet compliance standards under the OECD’s Crypto-Asset Reporting Framework (CARF).
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The first exchange of crypto-related tax data is expected to take place in 2027. Ahead of that, Swiss authorities will assess whether partner nations are upholding international transparency norms—mirroring the review system already used for traditional financial data. The EU is set to implement its own crypto tax rules under DAC8, a directive requiring member states to adopt OECD-aligned standards. Until Switzerland formally aligns with DAC8, Swiss-based crypto firms may be subject to direct reporting obligations within the EU.
Swiss officials say the move will reinforce the country’s role as a reliable financial center and level the playing field for domestic crypto businesses by aligning them with global compliance expectations.
About Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
