Switzerland Postpones Crypto Account Data Exchange to 2027
Date: 2025-11-28 Author: Gabriel Deangelo Categories: IN WORLD
Switzerland has postponed the launch of its system for the automatic exchange of crypto account data with foreign tax authorities until at least 2027. The innovation was originally planned to be implemented on January 1, 2026, but the legal framework and key regulatory documents are not yet ready.
The Swiss Federal Council approved updated rules for Switzerland's participation in the international exchange of tax information, which supplement the Basic Law and were scheduled to enter into force in early 2026. Parliament supported expanded participation in the global system, aligning it with OECD international standards.
The new rules provide for the creation of a reporting system for crypto assets. Companies working with digital assets are required to register, provide customer information, and conduct basic checks if their activities are connected to Switzerland. The regulation also clarifies which organizations are subject to regulation and introduces a transition period for adapting services to the new requirements.
However, the main reason for the delay was the uncertainty surrounding the list of partner countries for data exchange under CARF. On November 3, 2025, the National Council on Economy and Taxes suspended work on this list, making it impossible to fully launch the exchange in 2026.
Switzerland has already prepared for the implementation of OECD standards and initiated consultations on data exchange with 111 countries participating in the international tax reporting system. Ultimately, the country plans to cooperate with 74 jurisdictions that comply with CARF and have expressed interest in exchanging information. The list includes all EU countries, the UK, and most G20 countries, including Japan, Canada, and Australia. The United States, China, and Saudi Arabia are not yet included due to their lack of participation in CARF or pending agreements.
The delay in the system's implementation highlights the complexity of international coordination and the need for careful preparation for the automatic exchange of cryptoasset data. For Swiss crypto companies, this means a transition period will allow them to adapt their internal procedures and ensure compliance with the new requirements without the risk of disruption.
As a result, although the legislative framework is almost complete, the actual implementation of the rules is being delayed, and users of crypto platforms in Switzerland must continue to monitor official notifications and regulatory requirements.
