Switzerland Approves Automatic Crypto Data Exchange with 74 Nations

Switzerland’s Federal Council approved a plan to share cryptocurrency information with 74 countries, including all EU member states, the UK, and most G20 nations. The United States and Saudi Arabia are excluded.

The proposal follows an official statement from June 6, confirming the adoption of a bill for automatic exchange of crypto asset information. This builds on earlier communications outlining the legal framework for international cooperation on digital assets.

AEOI Framework

The bill is under parliamentary discussion and may take effect on January 1, 2026. Information will be exchanged only with partner countries that meet OECD standards. The Federal Council will conduct regular assessments of compliance.

Notably, Swiss National Bank chief Martin Schlegel rejected the proposal for a Bitcoin reserve in Switzerland, emphasizing the need for reserves with constant market liquidity.

In contrast, Texas has passed Senate Bill 21 to establish a state Bitcoin reserve, pending Governor Abbott's approval. Pakistan is also developing a Strategic Bitcoin Reserve as part of its digital finance strategy.