Switzerland is progressing with a proposal to automatically exchange crypto-related information with 74 partner nations, including the UK and EU member states. The Federal Council of Switzerland has approved a bill for the automatic exchange of crypto data with partner countries, excluding the US, Saudi Arabia, and China. The plan also includes sharing data with most G20 countries, with implementation set for Jan. 1, 2026. The council emphasized that the exchange will only occur if partner states are willing and meet the requirements of the Crypto-Asset Reporting Framework. Switzerland aims to enhance tax transparency, boost its financial sector's reputation, and create a fair environment for local crypto businesses. The EU will also implement the exchange as part of the DAC 8 update. This move aligns with Switzerland's goal to integrate into the global network and receive tax-related crypto data from partner states. Read more AI-generated news on: https://app.chaingpt.org/news