#CryptoNewss

Swiss 🇨🇭 government plans automatic exchange of crypto data with 74 countries.

The Swiss government has announced plans to introduce an automatic exchange of information on crypto assets with 74 countries. According to a statement released on Friday, the first data exchange is scheduled for 2027.

The proposal is part of a draft law that still needs to be approved by parliament. In the proposed plan, the Swiss government intends to include all member states of the European Union (EU), the United Kingdom, and the majority of G20 countries. Notably, the United States 🇺🇸 and Saudi Arabia 🇸🇦 are excluded from the list of participating nations, as noted in the government statement.

#assets with crypto assets should operate decentralized and independently from regulatory fiat money.

🟢 I believe that many governments are afraid of crypto, as they lose their influence and power. This is not a democratic progress that is being sold to us but a dictatorship.

What do you think? Hoping for many comments 🙏🏽