The Switzerland government gave the green light to a plan that forced the encryption companies to deliver data on its customer assets. This procedure, which was adopted on June 6, 2025, aims to start sharing information with 74 partner countries. He was appointed to become valid on January 1, 2026, but the first actual data exchange will not happen until 2027.
Table scheme and details
According to the Swiss Federal Council, the draft law has been presented to update the current rules on international data sharing. Starting on January 1, 2026, the encrypted service providers in Switzerland must register those with encryption assets and report this data to the Swiss tax authorities.
Then, in 2027, these authorities will send information to the partner countries that meet the required standards. Parliament is discussing the draft law now, and approval will be closed on the date of January 2026.
The Federal Council has adopted a bill to enable automatic exchange of encryption information with 74 partners, including 🇬🇧, all members, most G20 (not 🇺🇸, 🇨🇳, 🇸🇦). Now Parliament is discussing the bill.
Press statement: https://t.co/33VCVTJIMI EFD_DFF sif_sfi
Swiss Federal Government (swissgov) June 6, 2025
List of partner judicial states
Based on reports, Switzerland plans to exchange encryption data with 74 salads. This group covers all 27 European Union member states in addition to the United Kingdom. It also includes most G20 countries.
However, the United States, Saudi Arabia and China are not listed on the list because they did not agree to the rules of reporting the encrypted assets (Carf). Data will not flow to the countries you request both and meet the standards of the Organization for Economic Cooperation and Development under Carf.
Rules and censorship
Under the current proposal, the Swiss authorities must verify each partner’s case before sending any data. This review is similar to those in force for bank account data. If the country is less than Carf, the participation will be suspended until any problems are corrected.
The draft law will adjust the Swiss law to ensure the application of the same checks on the assets of encryption as they do in traditional financing accounts.
Impact on local encryption companies
Switzerland’s encrypted service providers will witness changes starting from 2026. By that time, they will have to collect customer names, addresses, tax identity numbers and encryption balances. This data goes to Switzerland, which then transmits it to other states in 2027.
Under the eighth update of the European Union for Administrative Cooperation (DAC 8), Swiss companies will also have to reports directly to the European Union member states until Switzerland signed all European Union data protection agreements under the European Human Rights Convention.
These new steps aim to make encryption assets in line with how banks are reported. The Swiss Federal Council says this will help to meet international tax transparency obligations and protect the reputation of the financial sector in Switzerland.
Distinctive image from Unsplash, tradingvief chart
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