Switzerland is moving forward with plans to implement global standards for cryptocurrency tax reporting by adopting the Crypto-Asset Reporting Framework (CARF) with an aim to enhance transparency.

This initiative is driven by the country's top authority to ensure that digital assets are treated on par with traditional assets in terms of taxation.

The Federal Council, which is the collective head of the Swiss government comprising seven members, has initiated a public consultation process to gather feedback on this integration.

This step is part of Switzerland's efforts to join the Automatic Exchange of Information (AEOI), a global cooperation between tax administrations to prevent tax evasion.

With a proposed start date of January 1, 2026, for participating in the AEOI, Switzerland is signaling its commitment to global standards in the evolving landscape of crypto taxation.