Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Switzerland approves bill allowing crypto information sharing with 74 nations by 2026
Share
  • bitcoinBitcoin(BTC)$105,891.06
  • ethereumEthereum(ETH)$2,522.43
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.18
  • binancecoinBNB(BNB)$652.39
  • solanaSolana(SOL)$150.78
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.184232
  • tronTRON(TRX)$0.285473
  • cardanoCardano(ADA)$0.67
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Switzerland approves bill allowing crypto information sharing with 74 nations by 2026
Crypto

Switzerland approves bill allowing crypto information sharing with 74 nations by 2026

admin
Last updated: 06/06/2025 7:58 Chiều
admin
Published 06/06/2025
Share


Switzerland’s Federal Council recently green lit a bill that allows for the automatic exchange of crypto information with 74 other countries, excluding the U.S, Saudi Arabia and China.

In a press release issued on June 6, Switzerland’s Federal Council has adopted a bill that would enable the automatic exchange of information related to crypto assets with dozens of countries around the world.

The bill would come into effect starting from January 2026, with the first exchange of information scheduled to take place some time in 2027. This means that Switzerland will automatically share data related to its crypto assets with 74 partner countries that it deems “relevant to the crypto market.”

Although the release does not list the names of all 74 partner countries, the council does clarify that all EU member states will be included in the bill, as well as the United Kingdom and most of the G20 countries.

The Federal Council has adopted a bill to enable the automatic exchange of cryptoasset information with 74 partners, including 🇬🇧, all 🇪🇺 members, and most of G20 (not 🇺🇸, 🇨🇳, 🇸🇦). Now Parliament is debating the bill.

Press release: https://t.co/33vCVtJimI @efd_dff @sif_sfi

— Swiss Federal Government (@SwissGov) June 6, 2025

However, the U.S. and Saudi Arabia will not be included in the 74 countries that will receive information on Switzerland’s crypto assets. In fact, the official account for the Swiss Federal Government made a post on X which highlighted which countries will not be included in the data-sharing agreement.

These countries include the U.S., Saudi Arabia, and China among others.

The council also stated that an exchange of crypto asset data will only take place if the other partner states consent to sharing their crypto asset data with Switzerland. Not only that, partner states participating in the information sharing should also comply with Crypto-Asset Reporting Framework developed by the Organization for Economic Co-operation and Development or OECD.

In addition, the council proposed to review whether or not partner countries with which the AEOI has been activated have continued to fulfil the standard’s requirements.

“Prior to the actual exchange of data on crypto assets, the Federal Council will also review whether the partner states with which the AEOI has been activated continue to fulfil the standard’s requirements,” stated the Swiss Federal Government council.

The Crypto-Asset Report Framework is designed to combat cross-border tax evasion by enhancing tax transparency across countries amidst the rapidly evolving crypto market. It mandates that Crypto-Asset Service Providers, such as exchanges and wallet providers, collect and report information on users’ tax residencies and taxpayer identification numbers.

These providers must report annually on specific transactions, including exchanges between crypto-assets and fiat currencies, exchanges between different crypto-assets, and transfers of crypto-assets.



You Might Also Like

Ethereum pivots from retail trading to institutional settlement hub, Bitwise says

Do you need one as Bitcoin eyes fresh all-time highs

Pakistan confirms plans for a strategic Bitcoin reserve

James Wynn offloads $4.12M HYPE and takes another $100M 40x-leveraged long bet on Bitcoin

SharpLink stock rockets 420% on $425m strategic crypto placement

TAGGED:allowingapprovesbillcryptoinformationnationssharingSwitzerland

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Quant price could surge 47% if it flips one final barrier
Next Article Ethereum ETFs extend inflow streak despite token bleed
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Circle’s $1.1b IPO, IOST’s $21m raise
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?