Switzerland Joins the Crypto Gossip Guild – 74 Countries on Speed Dial!

by

Well, old bean, Switzerland’s decided to play crypto spy, sharing data with a sprightly 74 nations—including the UK and all those fine folks in the EU. Because, why not turn your crypto wallet into an international game of Chinese whispers? 🕵️‍♂️

The Federal Council (think of them as the Swiss version of the Avengers, but with more cheese) has given the nod to a bill that will allow an automatic exchange of crypto secrets with its globe-trotting pals, announced on June 6. A regular global secret Santa, only instead of gifts, you get your data handed around! 🎁

And hold onto your beret, this sharing spree includes most G20 countries—except for the US, Saudi Arabia, and China, because what’s life without a dash of defiance? According to an X post from the Swiss government, they’re keeping a bit of their cards close to the vest. 🤐

Swiss flag and crypto icons

The bill is currently bobbing around in Parliament, much like a cork in a whisky bottle, awaiting approval. If all goes well, the crypto-confidentials will start flowing from January 1, 2026. Cheers to that! 🥂

First data dance expected in 2027

This whole shindig kicked off after the Federal Council’s fancy dispatch on legal grounds on February 19, 2025. Since then, the councils of the land have been nibbling away at the details, dreaming of the inaugural crypto-data swindle in 2027. Because what’s life without a bit of clandestine café chatter? 🕶️

Before they actually start swapping crypto secrets, the Swiss want to make sure their partner countries are playing fair—checking whether everyone still meets the secret handshake standards. And if not, they’ll amend some legal mumbo jumbo to keep the signal crystal clear. 📜

This tale is still unfolding, much like a soap opera, so stay tuned for more whiffs of Swiss intrigue. As they say in the mountains, “Watch this space, old bean!”

Read More

2025-06-06 13:07