- Switzerland approves plan to share crypto data with 74 countries by 2027.
- New crypto rules to take effect in 2026, enabling global data exchange.
- The move aims to end Swiss reputation as a crypto secrecy haven.
Switzerland is taking a major step in cryptocurrency regulation. On June 6, 2025, the Swiss Federal Council approved a plan to automatically share cryptoasset information with 74 partner countries. This shows considerable progress in how the world’s finances are handled with transparency and teamwork.
Switzerland to Enforce Crypto Data-Sharing Rules by 2026
The Council made a move on February 19, 2025, which led to this decision. At the same time, the Council finalized laws that make it possible for information about cryptoassets to be automatically shared. Now, Switzerland is making the necessary steps for formal adoption. The new rules will be enforced from January 1, 2026. Then, actual information exchange will start in the year 2027.
The group of 74 partner countries includes all EU member states, the United Kingdom and the majority of G20 countries. However, the United States and Saudi Arabia, which are major economies, are not included in the agreement. This occurs since the partner country must be able and willing to satisfy certain conditions for the exchange to happen. Namely, countries are required to use the Crypto-Asset Reporting Framework (CARF), which was created by the Organization for Economic Co-operation and Development (OECD).
On the other hand, automatic data exchange will not take place without certain conditions being met. The sharing of information by Switzerland will only begin after it checks that all countries still meet the international criteria. The process that will be used relies on the same mechanism used by Switzerland to check financial accounts in general. To achieve this, the federal decree will have to be changed appropriately.
Switzerland Rejects Role as Secret Crypto Haven
The idea behind this move is to block illegal ways of avoiding taxes and breaking financial rules. The country aims to earn more trust in its banking system by disclosing cryptoasset information to other countries. Central Banks also strive to combine their efforts with other countries in regulating digital currencies more rigorously. Also, this is an example of a larger move by countries to work together and supervise digital financial exchanges.
Additionally, this decision shows that Switzerland no longer wants to be seen as a haven for secret crypto holdings. Swiss banks were, for many years, seen as offering strong privacy to their clients. Recently, the country has made efforts to make its finances clearer, mainly because it entered the AEOI framework that gives details about routing banking data.
However, some people are worried about how their personal information is handled. They state that providing crypto data to many countries could become risky. However, Swiss authorities have guaranteed that adequate measures will prevent risks to users’ private data.
Lastly, sharing cryptoasset data automatically with all these countries is a strong action that is needed. It reveals that more countries are eager to manage cryptocurrencies and avoid their wrongful use. If this agreement is implemented effectively, it may guide other countries in the future.
