Switzerland Passes Pivotal Legislation for Crypto Tax Data Trading platform with 74 Nations
In a significant step towards international tax transparency, Switzerland has enacted a groundbreaking legislation that facilitates the automatic exchange of cryptocurrency-related information with 74 partner nations.
Traditionally recognized for its financial secrecy, Switzerland is now facing scrutiny from internet users who question whether this crypto tax information sharing legislation has compromised its crypto privacy.
Switzerland has just compromised its crypto privacy.
All exchanges and banks will now need to report digital wallet information, balances, and types of tokens purchased to the user’s country of origin.— Wealthy Expat (@WealthyExpat) June 8, 2025
On 6 June 2025, the Federal Council announced, “In the legislation approved today, the Federal Council is suggesting 74 countries relevant to the crypto asset sector with whom Switzerland will commence the automatic exchange of information concerning crypto assets from 2026. This list includes all EU member nations, the UK, and the majority of G20 countries (excluding the USA and Saudi Arabia).”
“Data trading platform will only occur if partner nations express interest in sharing information with Switzerland and meet the standards outlined by the Crypto-Asset Reporting Framework created by the Organisation for Economic Co-operation and Development (OECD),” the Federal Council stated.
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New Framework On Crypto Assets Set To Take Effect From January 2026
The newly established framework for the automatic trading protocol of information (AEOI) regarding crypto assets is scheduled to be implemented on 1 January 2026. The initial data exchange is projected for 2027.
Thus, starting in 2026, Swiss crypto service providers will be obligated to gather and report customer data – which includes names, addresses, tax IDs, and crypto asset balances – to the Swiss tax authorities. This data will subsequently be shared with partner nations.
Although the information will be shared with 74 jurisdictions, including all 27 EU member states, it is crucial to highlight that sharing will only happen with countries that exhibit mutual interest and adhere to CARF standards.
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Bitpanda Survey Indicates Switzerland Is the Leading Crypto-Friendly Nation
A 2024 survey conducted by Bitpanda shows that an impressive 23% of the Swiss population holds cryptocurrencies.
In collaboration with YouGov Deutschland GmbH, Bitpanda gathered insights from over 6,000 individuals across Europe, including Germany, France, Switzerland, Austria, and Italy, to analyze crypto trends.
Switzerland has established itself as one of the most crypto-friendly countries in the world, with a considerable portion of its population actively engaged in the crypto asset landscape.
“In our study, we aimed to gain insights into how these factors are evolving,” Bitpanda stated. “Switzerland stood out as the most crypto-friendly nation, with nearly one quarter (23%) of the total population already possessing cryptocurrencies.”
Will Switzerland still long-term holding the title of “the most crypto-friendly nation” after the implementation of the landmark legislation facilitating the automatic trading platform of cryptocurrency-related information with 74 partner nations?
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Key Takeaways
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Beginning in 2026, Swiss crypto service providers will be required to gather and report customer information – including names, addresses, tax IDs, and digital currency balances – to the Swiss tax authorities.
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Switzerland has a well-established reputation for its financial privacy. Nonetheless, with the introduction of the crypto tax information-sharing bill, netizens are asking if the nation has compromised its crypto confidentiality.
The post Switzerland Adopts Landmark Bill For Crypto Tax Information Sharing With 74 Countries appeared first on 99Bitcoins.
