The Swiss government has announced a delay in its plans to implement a key cryptocurrency law. This comes at a time when governments around the world are having difficulty achieving unification Crypto tax regulationseven as the cryptocurrency industry becomes more widely adopted.
The Swiss government postpones the implementation of the famous cryptocurrency law
In a press releaseThe Swiss Federal Council announced that the new Crypto Asset Reporting Framework (CARF) will be incorporated into law from January 2026, but will not be implemented until 2027 at the earliest. Earlier this month, the Economic Affairs and Taxation Committee of the National Assembly (ETAC) suspended its deliberations on the partner countries with which Switzerland intends to exchange data under the Cryptocurrency Law, which prompted this decision.
The Federal Council also decided that the provisions on cryptoassets contained in the Federal Act on Automatic Exchange of Information in Tax Matters (AEOIA) and the AEOI Decree will not apply next year. On the other hand, the government approved amendments to the country’s automatic information exchange system Tax matters (AEOI Decree).
The statement noted that the Cryptocurrency Law contains implementing provisions on amending the Federal Law on AEOIA. As part of the amendments, the law now includes the Atomic Energy Organization of Iran Cryptocurrency providers The duty to report, the duty to exercise due diligence, and the duty to record. It also identifies their connection to Switzerland.
Furthermore, under the Cryptocurrency Law, cryptocurrency service providers such as exchanges will now apply directly to associations and institutions, and their accounts will be subject to the law. However, they are excluded from AEOI if they meet certain conditions under the amended law. Finally, the law also contains transitional provisions that make it easier for affected parties to implement the revised CRS and CARF.
The Crypto Asset Reporting Framework (CARF) will enable the automatic exchange of tax information on cryptocurrency transactions between countries. Other countries, including the United States and the United Kingdom, are working to implement this global standard Encrypted tax reports within their legal frameworks.
The UK is also moving to implement CARF
in releaseThe UK government has announced that it is implementing CARF for the first international data exchange in 2027. the government He noted that CARF requires UK crypto asset service providers (RCASPs) to collect relevant tax information and conduct due diligence regarding their users on an annual basis.
UK RCASPs will also be required to collect information relating to UK resident clients. This means that the country’s tax authority, HMRC, will have CARF data on all taxpayers who use a UK-based RCASP. At the same time, it should be noted that the United States is also planning to implement cryptocurrency law. Bitcoinist recently reported that Sent by the Treasury Department CARF regulations to the White House for review.
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