Those who hold custody of cryptocurrencies in the country will see their data flow to other jurisdictions.
The Federal Council of Switzerland announced on Friday (6) that it will share data of companies and cryptocurrency investors with 74 other countries, in an international exchange of information. This council is the highest authority of the executive power in the European country.
With a direct announcement from the capital Bern, Switzerland states that the countries that will exchange information will be the partners. Moreover, they must follow certain rules.
With the aim of combating tax evasion, money laundering, and asset concealment, Switzerland will send information about foreign residents in the country. A Brazilian living in the country, for example, may have their cryptocurrency investment data sent to Brazil if the measure progresses between the two countries.
However, the measure announced now will only come into effect at the beginning of 2026. The exchanges of information are scheduled to begin in 2027.
"During its meeting on June 6, 2025, the Federal Council of Switzerland approved the dispatch that authorizes the start of the automatic international exchange of information (AEOI) on crypto assets with relevant partner countries," says the council in a statement.
The exchange of information about cryptocurrencies with other countries had been worked on since February.
Approved in early June, the measure had been in progress since February, when the idea of exchanging information became public.
Now approved by the Federal Council of Switzerland, the proposal indicates that there will be a list of the 74 most relevant countries for the cryptocurrency market with which the country already carries out automatic information exchange.
The list includes all G20 members, meaning that Brazil will also receive information about holders of cryptocurrencies held in Switzerland. However, the announcement makes it clear that other G20 members, Saudi Arabia and the United States, will not receive the information. All EU countries, however, are expected to receive the material.
Exchange with conditions
The information exchange approved in the European country makes it clear that it will only occur if the other partner countries are also interested. Furthermore, they must meet the requirements of the Crypto-Asset Reporting Framework (CARF), developed by the Organisation for Economic Co-operation and Development (OECD).
At another point, the highest authority of the Swiss executive makes it clear that before effectively starting the exchange of information, it will review whether the partners continue to meet the requirements of the international standard. At this point, the novelty makes it clear that it may break the treaty if the countries fail to comply with the determined measures.
Finally, there will also be a review mechanism to ensure the exchange of financial information, which already works for the traditional system, but will now include cryptocurrencies. Therefore, there will be an amendment to the federal decree of the country to put the measure into effect.
Swiss banks, cryptocurrency exchanges, and investors operating in the sector may be affected by the new measure.
