Switzerland has postponed the implementation of the global automatic exchange of encrypted tax information until 2027.

The Swiss Federal Council and the Secretariat for International Financial Affairs announced that the global Crypto Asset Tax Information Sharing Mechanism (CARF), originally scheduled for launch in 2026, will be postponed to 2027. While the relevant laws will still take effect as planned on January 1, 2026, Switzerland has not yet identified its first batch of partner countries for data exchange, which is considered a major reason for the delay. CARF was launched by the OECD in 2022 to promote the automatic exchange of crypto account information among countries to curb cross-border crypto asset tax evasion. Currently, 75 countries, including Switzerland, have committed to implementing CARF within the next two to four years, while Argentina, El Salvador, Vietnam, and India are among the countries that have not yet joined the framework.