The Federal Council of Switzerland has approved a list of 74 countries with which it plans to implement automatic data exchange regarding crypto assets. This initiative aims to enhance the transparency of financial transactions and combat tax evasion in the field of digital assets.
This is reported by Business • Media
Start of Data Exchange on Crypto Assets
The automatic exchange of information (AEOI) will commence on January 1, 2026, with the first data exchange between countries expected in 2027. The list of partners includes all European Union countries, the United Kingdom, as well as most G20 economies. However, the United States and Saudi Arabia are not included in the list.
The data exchange will be bilateral and will only occur with those states that agree to mutual exchange and adhere to reporting standards for crypto assets. Before the cooperation begins, each partner country will undergo a compliance check with established international standards.
Legal Foundations and Future Prospects
On February 19, 2025, the Federal Council of Switzerland adopted a message outlining the international and national legal bases for implementing AEOI concerning crypto assets. The draft law is currently under consideration in parliament, after which the final procedure for information exchange will be approved.
The Federal Council noted that the exchange will be bilateral and will only be conducted with countries that agree to the exchange and comply with the reporting agreement on crypto assets.
It was previously reported that the President of the Swiss National Bank, Martin Schlegel, confirmed the decision not to include Bitcoin in the country’s currency reserves, highlighting the government’s cautious approach to cryptocurrency issues.