CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-06-06 19:54:07

Switzerland to Swap Crypto Holder Data with 74 Countries Under the OECD’s CARF

Key Takeaways: The Federal Council approved automatic crypto-asset data exchange with 74 jurisdictions under OECD’s CARF, starting in 2027. The list includes EU states, the UK, and most G20 countries but excludes the U.S. and Saudi Arabia. Exchanges will only occur if partner countries meet reciprocity and compliance benchmarks. Switzerland’s Federal Council has approved a proposal to begin automatically exchanging data on crypto-asset holdings with 74 partner states starting in 2027, according to a statement issued on June 6. The exchange will be based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD). The framework mandates information sharing between jurisdictions to detect offshore digital asset holdings and ensure tax compliance. Reciprocity and Compliance Conditions For Data Exchange The approved list includes all EU countries, the United Kingdom , and most G20 members, but excludes the United States and Saudi Arabia. Exchange of data will only proceed if partner jurisdictions agree to reciprocity and meet technical and legal standards set out under CARF. The Swiss parliament is currently reviewing the legal foundation for this data-sharing regime, which is scheduled to take effect on January 1, 2026. The first data transmission will take place in 2027. The Federal Council stated that the same review mechanisms used for financial account data exchanges will be applied to crypto-asset reporting. Partner states must undergo periodic assessments to verify continued compliance. The update positions Switzerland among the first countries preparing to implement the OECD’s global reporting framework. Authorities said the scope of the exchange may expand, depending on the evolving interest of other countries and future updates to international standards. Drawing on lessons from the Credit Suisse crisis, the Swiss government is calling for measures like stricter capital requirements for big banks with branches abroad + additional powers for financial market supervisor @FINMA_media . https://t.co/zuWKbuyY5t @efd_dff @sif_sfi pic.twitter.com/n0z3Hvk5hE — Swiss Federal Government (@SwissGov) June 6, 2025 Global Compliance and Local Crypto Use in Switzerland Spar Switzerland recently announced plans to accept Bitcoin payments at all store locations following pilot programs in Zug and Kreuzlingen. The system uses QR codes from DFX Swiss’s OpenCryptoPay platform, allowing Lightning Network payments to settle instantly at checkout. Spar is the first major grocer in the country to adopt Bitcoin at full scale. While regulators are aligning with international reporting standards, merchants and consumers are advancing on separate terms, using Bitcoin for everyday payments without waiting for central bank endorsement. Switzerland now faces a dual trajectory: international compliance through frameworks like the OECD’s CARF, and internal normalization of crypto through market use. This parallel movement could test how governments balance transparency obligations abroad with decentralized payment activity at home. Frequently Asked Questions (FAQs) What is CARF, and how does it differ from previous financial reporting standards? Unlike traditional financial account standards, it includes digital tokens and requires identifying wallet holders and transaction data, even when no intermediaries are involved. Why are the U.S. and Saudi Arabia not included in the approved list? The statement does not detail specific exclusions. However, both countries have taken distinct positions on global tax data-sharing and may not currently meet CARF participation or reciprocity requirements. Are more countries expected to join Switzerland’s data-sharing agreements? Authorities indicated that the scope of exchange could expand based on evolving interest and future changes to OECD standards. Regular assessments will determine which partner states remain eligible. The post Switzerland to Swap Crypto Holder Data with 74 Countries Under the OECD’s CARF appeared first on Cryptonews .

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约