The list includes all the states of the European Union, Great Britain and the majority of countries included in the G20, with the exception of the USA, China and Saudi Arabia.
According to the approved procedure, data exchange will be carried out only subject to standards developed by organizations of economic cooperation and development of the OECD under the international standard Crypto-SSTO Reporting Framework (CARF), and in the presence of mutual interests.
In addition, the Federal Government of Switzerland is preparing to change the mechanism for verification of compliance with the standards of automatic exchange of tax information so that it includes cryptocurrencies. The corresponding bill is already considered in the parliament of the country and in the event of approval will enter into force from 2026.
The Federal Council noted that the transfer of data on cryptocurrencies will help Switzerland fulfill its international obligations on tax transparency, strengthen the reputation of its financial sector and create equal conditions for local crypto companies.
Earlier, the co -founder of the French cryptocurrencies Paymium, Alexander Statchenko, said that the European Data Protection Council (EDPB) began discussing a regulatory initiative that could make all operations with bitcoins illegal.
Source: Bits
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