Switzerland will end perceived crypto privacy protections, implementing rules requiring financial institutions to automatically share cryptocurrency data with 74 countries starting in 2027.
The Swiss Federal Council approved a bill June 6 enabling automatic exchange of crypto information with EU members, the UK and most G20 nations. The United States, China and Saudi Arabia are excluded.
The proposal takes effect January 1, 2026, with first data exchanges in 2027. Swiss crypto service providers must collect customer information and report it to tax authorities, who will share it internationally.
Under the new rules, providers must report exchanges between crypto and traditional currencies, between different crypto assets, and transfers exceeding $50,000.
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The legislation follows Switzerland’s adoption of the OECD’s Crypto-Asset Reporting Framework, part of international efforts to combat tax evasion through digital assets.
Swiss officials emphasized that information sharing will only occur with countries that reciprocate and meet OECD compliance standards. The European Union is implementing similar requirements through its DAC 8 directive.
Switzerland’s Federal Council said the measures support the country’s international tax transparency commitments while maintaining its competitive position in global financial services.
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