The Swiss government has just passed a law allowing for the automatic exchange of information related to cryptocurrency assets with other countries. This is an important step in the effort to enhance transparency and manage global finance, especially in the context of the increasingly developing and complex cryptocurrency landscape.
The sharing of this data will be carried out under a mechanism similar to the tax information sharing agreements that Switzerland has implemented in the past. From now on, digital assets such as Bitcoin, Ethereum, or various tokens will no longer be able to 'hide' in the Swiss banking system as before.