Golden Finance reported that Switzerland is considering including crypto tax data in its international information exchange agreement. The Swiss Federal Council launched a consultation process for a new bill on Wednesday. The bill aims to facilitate the sharing of crypto asset information with 111 jurisdictions. These jurisdictions are currently part of the automatic information exchange. Sharing depends on whether they comply with the OECD's crypto asset reporting framework. Switzerland has long been a leader in cryptocurrency adoption. Places like Lugano have taken the lead in accepting taxes on cryptocurrencies such as Tether (USDT) and Bitcoin (BTC). The country's political framework allows the Federal Tax Administration to classify Bitcoin as a method of payment. Therefore, Bitcoin is exempt from value-added tax (VAT). The Federal Council aims to determine the start date for the automatic exchange of crypto-related information with its partner states. The consultation period for the legislative proposal will end on November 15, 2024.