Switzerland is taking a significant step toward enhancing global cryptocurrency transparency by adopting legislation to automatically share crypto asset data with 74 partner countries starting in 2027. This move aligns the country with the OECD’s Crypto-Asset Reporting Framework, aiming to close tax loopholes and improve cross-border tracking of digital assets. The legislation still requires parliamentary approval before coming into effect on January 1, 2026.
The automatic exchange will include most European Union countries, the United Kingdom, and many G20 nations but notably excludes the United States, Saudi Arabia, and China. Switzerland plans to verify that partner countries meet the framework’s standards before sharing data, ensuring mutual compliance and protecting taxpayer information. This integration is crucial as Switzerland expects to receive tax-relevant crypto data from other jurisdictions.
Globally, this initiative echoes a broader trend toward regulatory convergence, with many countries adopting similar transparency measures. The European Union’s DAC8 directive and Canada’s commitment to implement the framework by 2026 highlight the growing international consensus on crypto asset reporting. Nearly 50 countries are expected to fully comply by 2027, signaling a new era of cooperation in digital asset regulation.
Swiss crypto service providers will face increased compliance requirements, including customer identification and transaction reporting for cryptocurrencies, stablecoins, and NFTs. The Federal Council stresses that these measures will create a level playing field for local firms while fulfilling Switzerland’s international tax transparency obligations. This development marks a pivotal moment in integrating crypto assets into the global financial regulatory landscape.
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