Switzerland Adopts Landmark Crypto Tax Transparency Bill

Switzerland has taken a decisive step toward global tax transparency by passing legislation that mandates automatic exchange of cryptocurrency-related financial information with 74 partner nations. The MOVE marks a significant departure from the country's traditional banking secrecy policies.

The new framework, set to take effect January 2026, will require Swiss financial institutions and crypto exchanges to report wallet addresses, token balances, and transaction details to tax authorities in participating countries. Notably excluded from the agreement are the United States and Saudi Arabia.

The legislation implements the OECD's Crypto-Asset Reporting Framework, with data sharing contingent on reciprocal arrangements and compliance verification. This development raises fundamental questions about privacy preservation in one of cryptocurrency's most historically welcoming jurisdictions.