Switzerland, once known as a safe haven for financial privacy, is preparing for a major shift in how it handles crypto assets. The Swiss government has confirmed plans to begin automatic information exchange for crypto transactions with 74 countries starting in 2027. This marks a bold move towards global tax transparency.
Big Changes Coming for Swiss Crypto Users
Starting January 1, 2026, crypto service providers in Switzerland — such as exchanges, wallets, and DeFi platforms — will be required to report client details to Swiss tax authorities. This includes names, addresses, tax IDs, and the value of crypto holdings.
In 2027, this data will be shared with 74 partner countries under the OECD’s Crypto-Asset Reporting Framework (CARF) — a global standard aimed at fighting tax evasion through digital assets.
However, not all countries are included. Notably, the United States, China, and Saudi Arabia are excluded from this agreement, either because they don’t comply with CARF standards or don’t accept reciprocal data sharing.
Why This Matters
This move brings crypto regulations in Switzerland closer to those in traditional banking, where similar automatic exchanges of information already exist. The goal is to:
- Improve transparency in crypto markets.
- Prevent tax evasion using digital assets.
- Align with global compliance efforts.
It’s also a step to level the playing field for Swiss crypto businesses that follow international laws, giving them a more trustworthy image globally.
From Crypto Privacy to Crypto Compliance
For years, Switzerland attracted investors who valued discretion. Now, it’s leaning toward openness and global cooperation. This shift might discourage users who prefer total privacy, but it will likely attract long-term institutional interest.
If passed by Parliament, the new law will turn Switzerland into one of the first countries in the world to fully implement crypto tax reporting rules.
Crypto Still Has a Home in Switzerland
Despite stricter regulations, Switzerland is not turning its back on crypto innovation. Cities like Lugano continue to embrace blockchain technology, and the country remains one of the top destinations for crypto startups. However, the Swiss National Bank still holds a cautious stance — it does not include Bitcoin in its reserves.
Key Takeaways:
- Switzerland to start automatic crypto data sharing with 74 countries in 2027.
- Reporting starts in 2026 for local crypto service providers.
- USA, China, and Saudi Arabia are not part of the agreement.
- Swiss crypto rules will now mirror traditional banking regulations.
- The shift may end Switzerland’s image as a crypto privacy haven.
Final Thoughts
This update marks a big step forward in regulating the global crypto space. While some may see it as the end of privacy, others view it as a move that will build trust, attract institutions, and help crypto go mainstream. Switzerland is clearly betting on compliance over secrecy — and the rest of the world may soon follow.
