Switzerland’s Federal Council announced the extension of its automatic exchange of information (AEOI) to include crypto assets, effective January 2026. This initiative aims to comply with the OECD’s Crypto-Asset Reporting Framework and enhance global tax transparency.
The introduction of this framework could significantly affect Swiss crypto service providers, increasing compliance costs. Responses from the industry indicate a cautious approach, emphasizing the need for regulatory alignment and engagement in the consultation process until September 2024.
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