According to Odaily, the Swiss Federal Council, a seven-member body that jointly leads the Swiss government, plans to implement the Cryptocurrency Asset Reporting Framework (CARF) to enhance tax transparency. On the 15th, the Federal Council released a consultation document to investigate public opinion on joining the Automatic Exchange of Information (AEOI) to combat tax evasion in cooperation with international tax authorities. Currently, Switzerland's entry into the AEOI is scheduled for January 1, 2026.
The Organization for Economic Cooperation and Development (OECD) established the AEOI and other initiatives for the G20 countries, which later expanded to include other nations. Switzerland previously adopted the OECD's Common Reporting Standard (CRS) in 2014 but did not include the CARF that regulates cryptocurrency assets and their providers. The Council stated, 'The implementation of CARF will expand Switzerland's progressive cryptocurrency market regulation and help maintain the reputation and prestige of the Swiss financial center.'
However, the implementation of CARF will require parliamentary approval and cannot be based solely on the response to the consultation document. By 2027, nearly 50 countries are expected to fully adopt CARF regulations to mutually combat money laundering. The Swiss federal authorities plan to 'narrow the gap in tax transparency mechanisms, ensuring equal treatment for traditional assets and financial institutions.'