Switzerland’s government has given the green light to a plan that will force crypto firms to hand over data on their customers’ digital assets. The measure, adopted on June 6, 2025, aims to start sharing information with 74 partner countries. It is set to take effect on January 1, 2026, but the first actual exchange of data won’t happen until 2027.
Plan Timeline And Details
According to the Swiss Federal Council, the bill was put forward to update existing rules on international data sharing. Starting January 1, 2026, crypto-service providers in Switzerland must record who holds which crypto assets and report that data to Swiss tax authorities.
Then, in 2027, those authorities will send the information to partner states that meet the required standards. Parliament is debating the bill now, and approval will lock in the January 2026 start date.
The Federal Council has adopted a bill to enable the automatic exchange of cryptoasset information with 74 partners, including 🇬🇧, all 🇪🇺 members, and most of G20 (not 🇺🇸, 🇨🇳, 🇸🇦). Now Parliament is debating the bill.
Press release: https://t.co/33vCVtJimI @efd_dff @sif_sfi
— Swiss Federal Government (@SwissGov) June 6, 2025
List Of Partner Jurisdictions
Based on reports, Switzerland plans to share crypto data with 74 jurisdictions. That group covers all 27 member states of the European Union plus the United Kingdom. It also includes most G20 countries.
However, the United States, Saudi Arabia and China are not on the list because they haven’t agreed to the Crypto-Asset Reporting Framework (CARF) rules. Data will only flow to countries that both request it and meet OECD criteria under CARF.
Rules And Oversight Process
Under the current proposal, Swiss authorities must double-check every partner state before sending any data. This review is similar to the one in place for bank-account data. If a country falls short of the CARF rules, sharing will be suspended until it corrects any issues.
The bill would amend Swiss law to ensure that the same checks apply to crypto assets as they do to traditional finance accounts.
Impact On Local Crypto Firms
Crypto-service providers in Switzerland will see changes starting 2026. By then, they will have to compile customer names, addresses, tax ID numbers and crypto balances. That data goes to Switzerland, which then passes it along to other states in 2027.
Under the EU’s eighth update to the Directive on Administrative Cooperation (DAC 8), Swiss firms will also have to report directly to EU member states until Switzerland signs all the new EU data-protection agreements under the European Convention on Human Rights.
These new steps aim to bring crypto assets in line with how banks report accounts. The Swiss Federal Council says this will help meet international tax transparency commitments and protect the reputation of Switzerland’s financial sector.
Featured image from Unsplash, chart from TradingView
