The Federal Council of Switzerland has approved a list of 74 countries with which the country will begin automatic information exchange on crypto assets. The implementation of this initiative is scheduled for January 1, 2026, with the first data exchange expected to take place in 2027.
This is reported by Finway
Details of the Crypto Information Exchange Initiative
The list of partners includes all member countries of the European Union, the United Kingdom, and most of the G20 nations, excluding the USA and Saudi Arabia. As emphasized by the Federal Council, data exchange will occur on a bilateral basis and only with those countries that have agreed to participate in this system and adhere to the relevant reporting standards for crypto assets.
Before the exchange begins, each partner country will undergo a compliance check against established international standards. This is stated in the Federal Council’s announcement.
“The Federal Council adopted a message regarding the international and national legal grounds for implementing AEOI concerning crypto assets on February 19, 2025. The draft law is currently under consideration in parliament.”
Context and Implications for the Financial Market
The new mechanism for automatic information exchange on crypto assets (AEOI) is expected to enhance the transparency of the financial system and prevent tax evasion through the use of digital assets. The Swiss authorities are confident that this will contribute to increasing trust in the country as an international financial center.
It is worth noting that earlier, the president of the Swiss National Bank, Martin Schlegel, confirmed the decision not to include Bitcoin in the country’s currency reserves, which also indicates a cautious approach to integrating cryptocurrencies into national economic policy.