Switzerland to Launch Automatic Crypto Asset Data Sharing with 74 Countries — Prepare for CARF
Switzerland is taking a step forward in global financial transparency: the government has passed a bill that will, starting January 1, 2026, require local crypto companies to collect information on crypto assets. Beginning in 2027, this data — including names, addresses, and account balances — will be automatically shared with the tax authorities of 74 countries, including all EU states, the UK, and most G20 nations. Exceptions will include the U.S., China, and Saudi Arabia.
This decision aligns with OECD efforts to implement the Crypto-Asset Reporting Framework (CARF) — a global standard for sharing information about crypto transactions. CARF requires crypto service providers to collect data on users’ tax residency and report it to national tax authorities, who will then share it with international partners.
The government emphasized that data sharing will only occur with countries that are open to cooperation and meet CARF compliance standards — verified through existing AEOI (Automatic Exchange of Information) mechanisms under the Common Reporting Standard (CRS).
Recent developments: the current bank information exchange model (CRS) is already operating successfully with over 100 countries, and crypto regulation is following the same path — now extending oversight to decentralized assets. This move places Switzerland at the forefront of global tax cooperation in the crypto space.
What does this mean for industry players? Crypto exchanges and wallet providers will need to integrate KYC data collection, ensure secure data storage, upgrade systems, and prepare for compliance audits. On the other hand, it’s a sign of digital maturity: transparency and regulation build trust among institutional investors.
For traders and investors — stay alert. If your jurisdiction is on the list of partner countries, your crypto activity may now be reflected directly in your tax records. Switzerland is transforming the crypto space from a free-trade zone into a closely monitored market — a sign of the times, as digital anonymity gives way to global fiscal responsibility and international norms.
