#Liquidity101

Broad Coalition Excludes Major Powers

The automatic exchange of information would encompass all European Union member states, the United Kingdom, and most G20 nations. The framework notably excludes the United States, Saudi Arabia, and China, according to the Swiss Federal Government.

Parliament must still approve the legislation before it takes effect on January 1, 2026, with the first data exchanges scheduled for 2027. The Federal Council indicated it would review whether partner states continue to meet the framework's requirements before actual data sharing begins.

"Switzerland therefore has a significant interest in being integrated into this network and implementing the AEOI on crypto assets from 2026 onward, especially since it is likely that Switzerland will receive tax-relevant data on crypto assets from partner states," the council stated.