Switzerland to Join International Cryptocurrency Data Exchange with 74 Countries
Date: 2025-06-09 Author: Oliver Abernathy Categories: IN WORLD
The Swiss Federal Council has officially approved a list of 74 countries with which an automatic exchange of information on cryptocurrencies will be implemented. This step is part of the implementation of the international AEOI (Automatic Exchange of Information) initiative for digital assets.
According to the approved plan, the mechanism will come into force on January 1, 2026, and the first exchange of information is expected in 2027. The partner countries include all members of the European Union, the United Kingdom, and most G20 countries. However, the United States and Saudi Arabia were excluded from the list.
The Swiss government emphasizes that the data will be transferred on a reciprocal basis. This means that the exchange will only be carried out with those states that are also willing to share relevant information and comply with international standards for transparency and reporting in the field of crypto assets.
Before the exchange, Switzerland will conduct an additional assessment of each potential partner to ensure that all regulations and obligations are met. As stated in the official statement, the Federal Council will carefully examine the legal and technical conditions for cooperation.
On February 19, 2025, the Council submitted a message to Parliament outlining the legal basis for the introduction of information exchange on cryptocurrencies at both the international and national level. The corresponding bill is currently under consideration by parliament.
It is worth noting that such measures are aimed at strengthening financial transparency and combating tax evasion. AEOI for crypto assets is a development of similar initiatives in the field of traditional finance and will become part of the global system of control over digital assets.
Earlier it became known that the head of the Swiss National Bank, Martin Schlegel, confirmed the regulator’s position on its reluctance to include Bitcoin in state currency reserves, despite the growing interest in digital assets in the world.
