Switzerland Launches Automatic Exchange of Crypto-Asset Data

The Swiss government approved a list of 74 countries with which it’ll begin the automatic exchange of information on crypto-assets in 2027, under the CARF standard.

The Federal Council approved a regulation to launch the automatic exchange of information (AEOI) on crypto-assets. The relevant agreements are expected to take effect on January 1, 2026, with the first data exchange scheduled for 2027. The initiative aims to enhance transparency in digital asset transactions on an international scale.

The list of countries with which Switzerland will exchange data includes all EU member states, the United Kingdom, and most G20 countries, excluding the United States and Saudi Arabia. The exchange will occur only if two conditions are met: reciprocal interest from the partner country and compliance with reporting requirements under the Crypto-Asset Reporting Framework (CARF), developed by the Organization for Economic Co-operation and Development (OECD).

Before the exchange begins, the Federal Council will assess each approved country’s compliance with the standards. As part of this, the existing AEOI monitoring mechanism for financial accounts will be expanded to include crypto-assets. This will require amendments to the current federal ordinance. Parliament is expected to complete discussions on the relevant legislation by the end of 2025.

In 2024, Switzerland held a leading position in the development of Web3 technologies.

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