Switzerland plans crypto data exchange with 74 states from 2027

From 2027, Switzerland wants to automatically replace information on crypto values with 74 countries. The USA, China and Saudi Arabia are excluded.

In the future, Switzerland wants to exchange ideas with 74 countries via crypto. (Symbol image) – Depositphotos

The Swiss Federal Council Does that Parliament A list of 74 partner states for automatic Information exchange about crypto values proposed. The exchange should start from 2027 after the legislation is expected to come into force in 2026, such as «SRF»Reports.

The partners are all EU-Member states, Great Britain and most G20-States. The United States, China and Saudi Arabia are excluded.

However, a bilateral agreement is planned with the USA, explains the Federal Council further.

The exchange is only carried out with states that are interested in the exchange of information and the requirements of the OECD alarm frame Fulfill for crypto values.

Switzerland wants to fulfill its international tax transparency obligations and secure the reputation of the financial center.

Crypto: test mechanism and legal foundations

Before the data exchange, Switzerland checks whether the partner states continue to meet the standards for the automatic information exchange (AIA). The existing test mechanism is expanded to crypto values.

The legal foundations are based on a federal decision that was adopted in February. The draft law is currently in Parliament treated and should come into force on January 1, 2026.

The first data exchange should then take place in 2027.

Crypto reserve currency — The Swiss National Bank does not want to use cryptocurrencies as a reserve currency. – Depositphotos

The Marriage Framework for Crypto values was published by the OECD in 2022. A total of 66 states, including Switzerland, have known for implementation.

49 countries have signed the multilateral agreement, as the “SDA” reports.

Meaning for Switzerland and the cryptoma market

With the new reporting frame, Switzerland closes gaps in the tax transparency dispositive and ensures equal treatment of crypto values with traditional financial systems. This strengthens the credibility of the Swiss financial center.

Switzerland follows a cautious approach in cryptocurrencies, as “Cryptopolitain” reports. The Swiss National Bank leaned Bitcoin as a reserve currency continue to be due to liquidity and volatility concerns.

(Tagstotranslate) Federal Council

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