Odaily Planet Daily News The Swiss Federal Council (composed of seven members and jointly leading the Swiss government) intends to implement the Crypto Asset Reporting Framework (CARF) to improve tax transparency. On the 15th, the Federal Council issued a consultation document to investigate public opinion on joining the automatic exchange of information (AEOI) for international tax authorities to cooperate in combating tax evasion. Currently, Switzerland is scheduled to join the AEOI on January 1, 2026. It is reported that the OECD established AEOI and other initiatives for the G20 countries, and later expanded to include other countries. Switzerland previously adopted the OECD's Common Reporting Standard (CRS) in 2014, but did not include CARF, which regulates the processing of crypto assets and their providers. The committee said this time: "The implementation of CARF will expand Switzerland's progressive crypto market supervision and help maintain the credibility and reputation 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, it is expected that nearly 50 countries will fully adopt CARF regulations to help each other combat money laundering. The Swiss federal authorities intend to “close gaps in tax transparency mechanisms and ensure that traditional assets and financial institutions are treated equally.” (Cointelegraph)
