Swiss Government Approves Crypto Data Exchange with 74 Countries

Switzerland plans to start sharing crypto asset data automatically with 74 partner countries beginning in 2026. The Federal Council has approved legislation to facilitate this exchange, which is expected to take effect in January 2026, with the initial data transfers likely starting in 2027.

This initiative is designed to enhance tax transparency and combat international tax evasion. The countries set to receive crypto information include all EU members, the UK, and most G20 nations. Notably, the United States, China, and Saudi Arabia are not part of the agreement.

Only countries that commit to reciprocal data sharing and comply with the OECD’s Crypto-Asset Reporting Framework (CARF) will be involved. Under CARF, service providers like exchanges and wallets must collect users’ tax identification numbers and submit yearly reports on crypto transactions. Before the data exchange begins, Swiss authorities will ensure that all partner countries meet the required standards.