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Swiss Crypto Law Faces Significant Delay: New Timeline Announced

The Swiss government has announced a postponement in the rollout of its much-anticipated crypto law.

Initially scheduled for 2026, the implementation of the Crypto-Asset Reporting Framework (CARF) will now be delayed until at least 2027.

This decision comes in light of challenges in finalizing data exchange agreements with partner states, as highlighted by the Economic Affairs and Taxation Committee.

While Switzerland will introduce new domestic crypto tax regulations beginning January 2026, international data exchanges will not commence until the following year.

Approved jurisdictions for potential data exchange currently include EU member states and the UK, but some major economies, like the US and China, are not on the list.

Under the new law, Swiss crypto service providers will be required to report user transactions and conduct due diligence, aligning them with international standards.

Despite the delays, these service providers are still expected to comply with new national regulations and maintain detailed reports of client activities.

Switzerland's strategic choice to evaluate partner listings underscores the complexities involved in aligning cryptocurrency regulations with global tax protocols.

Other nations, like the U.K. and U.S., are also preparing to implement similar frameworks, signaling a growing trend towards uniformity in crypto tax reporting.

This delay underscores the significant challenges global governments face as they develop cohesive and effective crypto regulatory frameworks.