Switzerland is about to pull back the curtain on crypto holdings! ๐ฑ They're gearing up to automatically share crypto-related data with 74 countries, including the UK and all EU members. This initiative, aiming for a January 1, 2026 launch, will let other countries know who's holding what.
While the US, Saudi Arabia, and China are currently excluded, this move is a seismic shift toward global crypto transparency. The first data exchange is slated for 2027. This means if you're holding crypto in Switzerland, many countries will soon have insight into your holdings. The Swiss government says this aligns with international standards and levels the playing field for local crypto firms.
What do you think of this level of transparency?
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