Switzerland Delays Crypto Data Exchange Rules Until 2027

According to Cointelegraph, Switzerland has postponed the implementation of rules for the automatic exchange of cryptocurrency account information with international tax agencies until 2027. The Swiss Federal Council and the State Secretariat for International Finance announced that while the Crypto-Asset Reporting Framework (CARF) will be legally established on January 1, 2026, its actual implementation will be delayed by at least a year. The delay is attributed to the Swiss government's tax committee suspending discussions on which partner states Switzerland will exchange data with under the CARF. The Organisation for Economic Co-operation and Development (OECD) approved the CARF in 2022 as part of a global initiative to share cryptocurrency account data with partner governments to combat tax evasion through crypto platforms. The Swiss government's announcement also included several amendments to local crypto tax reporting laws and transitional provisions designed to facilitate compliance with CARF rules for domestic crypto firms. In June, the Swiss Federal Council had advanced a bill to adopt CARF rules by January 2026, with the first exchange of crypto account data anticipated in 2027. However, the timeline for exchanging information remains uncertain. OECD documents indicate that 75 countries, including Switzerland, have committed to implementing CARF within the next two to four years. However, countries such as Argentina, El Salvador, Vietnam, and India have yet to sign on. Earlier this month, Reuters reported that the Brazilian government is considering a tax on international crypto transfers as part of efforts to align domestic regulations with CARF standards. Meanwhile, the U.S. White House has recently reviewed the Internal Revenue Service's proposal to join CARF, aiming to enforce stricter capital gains tax reporting rules for American taxpayers using foreign exchanges.