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Coin Edition 2025-06-06 17:16:14

Switzerland Ends Some Banking Secrecy for Crypto, Will Share Data with 74 Nations; US Excluded

Switzerland to share crypto data with 74 countries starting in 2027 under a new AEOI bill. U.S. and Saudi Arabia excluded from Switzerland’s crypto data exchange framework. Swiss crypto firms face direct EU reporting until full ECHR compliance is achieved. Switzerland’s Federal Council has adopted a new bill that sets the stage for the automatic exchange of information (AEOI) on crypto assets with 74 partner countries. This group includes all European Union (EU) member states, the United Kingdom, and most G20 nations. The measure, which was announced following a formal council meeting on June 6, sets a timeline for the first exchange of data to begin in 2027. Notably, however, the United States and Saudi Arabia are not currently included in the list of participating partner countries. The Federal Council has adopted a bill to enable the automatic exchange of cryptoasset information with 74 partners, including , all members, and most of G20 (not , , ). Now Parliament is debating the bill. Press release: https://t.co/33vCVtJimI @efd_dff @sif_sfi — Swiss Federal Government (@SwissGov) June 6, 2025 This decision builds on a previous dispatch that the F… The post Switzerland Ends Some Banking Secrecy for Crypto, Will Share Data with 74 Nations; US Excluded appeared first on Coin Edition .

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