Then, in 2027, those authorities will send the information to partner states that meet the required standards. Parliament is debating the bill now, and approval will lock in the January 2026 start date.
However, the United States, Saudi Arabia and China are not on the list because they haven’t agreed to the Crypto-Asset Reporting Framework (CARF) rules. Data will only flow to countries that both request it and meet OECD criteria under CARF.
Under the current proposal, Swiss authorities must double-check every partner state before sending any data. This review is similar to the one in place for bank-account data. If a country falls short of the CARF rules, sharing will be suspended until it corrects any issues.
The bill would amend Swiss law to ensure that the same checks apply to crypto assets as they do to traditional finance accounts.
Crypto-service providers in Switzerland will see changes starting 2026. By then, they will have to compile customer names, addresses, tax ID numbers and crypto balances. That data goes to Switzerland, which then passes it along to other states in 2027.
Under the EU’s eighth update to the Directive on Administrative Cooperation (DAC 8), Swiss firms will also have to report directly to EU member states until Switzerland signs all the new EU data-protection agreements under the European Convention on Human Rights.
These new steps aim to bring crypto assets in line with how banks report accounts. The Swiss Federal Council says this will help meet international tax transparency commitments and protect the reputation of Switzerland’s financial sector.
Featured image from Unsplash, chart from TradingView
