Switzerland Moves to Share Crypto Data with 74 Global Partners

The Swiss government is implementing a framework for the automatic exchange of information on crypto assets with 74 jurisdictions. These countries include all EU member states, the UK, and most G20 countries. However, it excludes the United States and Saudi Arabia.   

In the bill adopted today, the Federal Council is proposing 74 countries relevant to the crypto market with which Switzerland should automatically exchange information concerning crypto assets from 2026. These include all EU member states, the United Kingdom, and most G20 countries (except the USA and Saudi Arabia),” the government wrote. 

Switzerland Proposes Bill to Integrate Crypto Assets

According to an official report, the Swiss government has enacted a bill to integrate digital assets into the Automatic Exchange of Information (AEOI) framework with participating partner nations. During a meeting held by the government, the Federal Council noted that entry into force is scheduled for 2026, adding that the first exchange is expected to take place in 2027, pending approval.  

To ensure responsible data exchange, Switzerland requires that partners both express willingness and comply with the OECD’s robust Crypto-Asset Reporting Framework. 

Even with AEOI deals in place, Switzerland is not rushing to do so. The Federal Council plans to recheck whether partner countries remain compliant with international standards before sharing any crypto data. Notably, Switzerland will enhance its AEOI review framework to include data on crypto assets, building on its trusted financial account review system.

“To this end, the existing review mechanism for the AEOI on financial account information should in future also cover the AEOI concerning crypto assets, which requires the corresponding federal decree to be amended accordingly,” the report added. 

While the Federal Council adopted the dispatch on the international and national legal bases for the AEOI regarding digital assets on February 19 this year, the AEOI will enter into force on January 1, 2026. 

Switzerland Embracing Innovation 

Meanwhile, the latest move coincides with grocery giant Spar accepting bitcoin (BTC) in the country. The development puts the country on the map as a region that promotes innovations and technology. 

SPAR’s adoption of the digital asset is part of a broader trend in Switzerland, where several businesses now accept crypto payments. The increasing acceptance signals a shift towards viewing digital assets not only as speculative assets but also as a medium of exchange.

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