A new Swiss law mandates the automatic exchange of information regarding cryptocurrencies.
Switzerland has long been considered the ideal haven for capital seeking anonymity, but it seems to have retreated from this approach. No more hidden vaults and secret digital wallets. According to the latest news, the Swiss government is preparing for the automatic exchange of information related to cryptocurrencies with 74 countries. A new standard threatens to change the face of the Swiss financial center... but it may not please everyone.
Switzerland will launch the automatic exchange of cryptocurrency information with 74 countries by 2027.
The United States, China, and Saudi Arabia have been excluded from this tax agreement.
Service providers will have to report customer data to the Swiss tax authorities starting in 2026.
The agreement aims to comply with the CARF standard set by the OECD regarding cryptocurrency transparency.
Buy and trade cryptocurrencies here:
