The Swiss government has set the green light as a plan that will force cryptocurrency companies to hand over data about their customers’ digital assets. The measure was adopted on June 6, 2025 and aims to begin sharing information with 74 partner countries. It is scheduled to take effect on January 1, 2026, but the first actual data exchange will not take place until 2027.
Plan schedule and details
According to the Swiss Federal Council, the bill proposed to update existing rules on international data sharing. Starting from January 1, 2026, crypto service providers in Switzerland must record who holds cryptocurrency assets and report this data to Swiss tax authorities.
Then, in 2027, these authorities will send messages to partner countries that meet the required standards. Parliament is debating the bill, and approval will be locked on the start date of January 2026.
The Federal Commission has passed a bill to automatically exchange with 74 partners, including 🇬🇧, all 🇪🇺 members and most G20s (not 🇺🇸, 🇨🇳, 🇸🇦). Now, Parliament is debating the bill.
Press release: @EFD_DFF @SIF_SFI
– Swiss Federal Government (@swissgov) June 6, 2025
List of cooperative jurisdictions
According to the report, Switzerland plans to share encrypted data with 74 jurisdictions. The group covers all 27 member states of the EU as well as the United Kingdom. It also includes most G20 countries.
However, the United States, Saudi Arabia and China are not on the list because they have not yet agreed to the Crypto Asset Reporting Framework (CARF) rules. Data will only flow to countries that require it and meet OECD standards under CARF.
Rules and supervision process
According to the current proposal, Swiss authorities must conduct a careful check of each partner status before sending any data. This review is similar to a review of bank account data. If a country violates CARF rules, sharing will be suspended until any issues are corrected.
The bill would amend Swiss law to ensure that the same checks as traditional financial accounts apply to cryptocurrency assets.
Impact on local crypto companies
Switzerland’s crypto service providers will see changes starting in 2026. By then, they will have to compile customer names, addresses, tax numbers and cryptocurrencies. The data is transferred to Switzerland and then passed to other states in 2027.
Under the Eighth Update of the EU Directive on Administrative Cooperation (DAC 8), Swiss companies must also report directly to EU member states until Switzerland signs all new EU data protection agreements under the European Convention on Human Rights.
These new steps are designed to make crypto assets in line with the way a bank reports accounts. The Swiss Federal Council said this would help meet international tax transparency commitments and protect the reputation of the Swiss financial sector.
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