Switzerland Approves Crypto Data Sharing Plan with 74 Countries

Highlights:

• Switzerland plans to begin to share data related to crypto with other countries in January 2026.
• Only countries that meet OECD standards and agree to participate will receive crypto asset data from Switzerland.
• The data sharing move aims to support transparency and fair conditions for crypto firms in Switzerland.

The Federal Council of Switzerland has agreed to share information about crypto assets with 74 different nations. The council held a meeting on June 6 and adopted a bill focused on how to automatically transfer information on digital assets. This is an important move that boosts joint efforts by countries in the digital finance sector.

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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

The plan includes all member states of the European Union, along with India, the United Kingdom, and most G20 nations. However, the list excludes the United States, Saudi Arabia, and China. The bill is under review in Parliament. If passed, it will enable the exchange framework to begin on January 1, 2026. According to the timeline provided, the first exchange of information is expected to take place in 2027.

This new measure builds on an earlier announcement made in February. In that communication, the council explained the legal foundation needed for both domestic and international cooperation on data sharing for crypto assets. The current bill provides the mechanism to apply that framework.

Crypto Data Sharing Framework Tied to OECD Standards and Partner Conditions

The proposed framework allows Switzerland to exchange crypto data only with countries that show interest in taking part. Moreover, the countries must also meet the standards of the Organization for Economic Co-operation and Development. The Crypto-Asset Reporting Framework created by the OECD sets these international requirements.

Switzerland will use this standard to assess which countries can qualify as information-sharing partners. The move comes days after G7 countries announced plans to share data and discuss the impact of North Korean attacks at the upcoming summit.

The government plans to apply the existing review system already in use for sharing bank account data to this crypto exchange framework as well. This will involve regular checks to ensure that partner countries continue to meet the required standards. In order to carry out this plan, the Federal Council intends to modify the existing federal decree to include crypto assets. The move will place them under the same monitoring process as traditional financial accounts.

Until Switzerland fully aligns with the EU’s approach, some local crypto service providers may need to report directly to EU member states under the eighth version of the Directive on Administrative Cooperation. This is because the European Union plans to implement its own reporting standard for crypto assets under DAC 8. The directive will remain in effect for Swiss firms until full implementation of the new system across all EU countries.

The Council confirmed that the automatic data sharing will not apply to countries that do not meet the required standards. In addition, it will not apply to countries that show no interest in participating. The review mechanism will play a key role in maintaining ongoing compliance and will help ensure that information flows only to qualified partners.

Push for Transparency Highlights Switzerland’s Strategic Position

According to Switzerland, using this framework will foster global openness for tax purposes. The council noted that this step is important to maintaining the credibility of its financial system. The plan also aims to support equal competition for local digital asset providers.

In addition to European and G20 countries, India has been listed as one of the 74 partner states. There is already an information exchange between India and Switzerland for bank accounts and financial asset details. Authorities expect that expanding this system to include crypto assets could assist in identifying hidden digital holdings.

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