Switzerland, known for its financial stability, has taken a significant step towards global transparency by adopting a bill on automatic exchange of information (AEOI) regarding crypto assets with 74 partner countries. The decision of the Federal Council dated June 6, 2025, stipulates the start of data exchange on January 1, 2026, with the first exchange taking place in 2027. The list includes all EU countries, the United Kingdom, and most G20 states, with the exception of the USA, Saudi Arabia, and China.
This initiative is based on the OECD's Crypto-Asset Reporting Framework (CARF) and aims to combat tax evasion. Crypto service providers in Switzerland will be required to report client data, including tax residency and identification numbers. The exchange will only occur with countries that meet CARF standards and demonstrate mutual interest.
Experts believe that this decision may affect Switzerland's status as a crypto-friendly jurisdiction, but at the same time strengthen its reputation as a reliable partner. For cryptocurrency owners, this signals the need to adapt to new rules.
Stay updated on the crypto world and subscribe to #MiningUpdates so you don't miss important updates!
#CryptoNews #SwitzerlandCrypto #blockchain #TaxTransparency #CryptoRegulation #AEOI #DigitalAssets #MiningUpdates
