Switzerland is advancing its plan to automatically share cryptocurrency-related tax information with 74 partner countries, which include the United Kingdom and all European Union member states. The Federal Council has approved a bill that will enable the automatic exchange of information (AEOI) on crypto assets, with implementation expected by January 1, 2026. The first exchange is anticipated to occur in 2027. The proposal aims to include data sharing with most G20 countries, though it excludes the United States, Saudi Arabia, and China. Prior to data exchange, the Federal Council plans to review if the partner states still meet the AEOI standards, extending current review mechanisms for financial account information to include crypto assets. This initiative follows a prior resolution regarding the legal framework for AEOI related to cryptocurrency.

Source 🔗