🚨

Switzerland Opens Up to Share Crypto Tax Data with 74 Countries!

🌍💸

Switzerland has just given the “green light” for a bill that allows the automatic sharing of cryptocurrency tax information with 74 countries, starting in 2026, according to the OECD's CARF standard!

🇨🇭

This is a major step towards global tax transparency, but will it shake the “crypto paradise”?

🔥

Hot details

Partners: Includes the entire EU, the UK, and most of the G20 (except the US, China, Saudi Arabia).

Timeline: The law comes into effect on 1/1/2026, with the first data exchange in 2027.

Goal: Close tax loopholes, ensure fairness for Swiss crypto companies, and enhance the country’s financial reputation.

Conditions: Partner countries must meet transparency requirements and share data bilaterally.

💡

Impact on investors?

Increased transparency: Crypto data will be shared automatically, reducing the risk of cross-border tax evasion.

Impact on privacy: Some users X (@securitybrahh, @Erica__Hazel) are concerned about the “end of financial privacy.”

Crypto market: May cause short-term pressure, but in the long run helps to legitimize crypto.

💬

What do you think? Is Switzerland leading or losing its title as “crypto valley”? Comment now!

#CryptoTax #Switzerland #OECD #CryptoNews

🌙