According to Odaily Planet Daily, the Swiss Federal Council (a seven-member body that co-leads the Swiss government) plans to implement the Crypto Asset Reporting Framework (CARF) to improve tax transparency. The Federal Council has issued a consultation document to investigate public opinion on joining the Automatic Exchange of Information (AEOI), a mechanism aimed at cooperating between international tax authorities to combat tax evasion. Switzerland is expected to join AEOI on January 1, 2026.
The OECD established AEOI and other initiatives for G20 countries, which were later expanded to include other countries. Switzerland adopted the OECD's Common Reporting Standard (CRS) in 2014, but did not incorporate CARF, which regulates the processing of crypto assets and their providers. The Federal Council said that implementing CARF would expand Switzerland's crypto market supervision and help maintain the credibility and reputation of Switzerland as a financial center. However, the implementation of CARF will require parliamentary approval and cannot be based solely on responses to the consultation document. It is expected that by 2027, nearly 50 countries will fully adopt CARF regulations to help each other fight money laundering.