Swiss Crypto Law Delayed… AGAIN? Here’s the New Timeline!

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In a stunning twist that would make even the most seasoned bureaucrat yawn, the Swiss government has decided to delay their crypto law… again. 🤷‍♂️ As the world scrambles to keep up with the wild, wild west of cryptocurrency, Switzerland’s latest move is like trying to herd cats with a net made of spaghetti. 🐱🍝

Swiss Government Delays Implementation Of Popular Crypto Law

The Swiss Federal Council announced that the new Crypto-Asset Reporting Framework (CARF) will be enshrined into law from January 2026, but will not be implemented until 2027 at the earliest. The National Council’s Economic Affairs and Taxation Committee (ETAC) suspended deliberations on data-sharing partner states, which, in a stunning display of efficiency, led to this delay. 🤯

The Federal Council also determined that the AEOIA provisions won’t apply next year. Because nothing says “urgency” like waiting an extra year. Meanwhile, they approved amendments to the AEOI Ordinance, which now includes crypto service providers’ duties to report, due diligence, and registration. It’s like giving them a to-do list that’s longer than a Swiss bank’s list of secrets. 📝

The law now requires crypto service providers to apply to associations and foundations, with their accounts subject to the law. But if they meet certain conditions, they’re out of the AEOI. Because nothing says “fairness” like exceptions. 🤝

The CARF will enable automatic exchange of tax info on crypto transactions. Other countries like the U.S. and U.K. are also trying to catch up. It’s like a global race to keep up with a tech trend that’s faster than a Swiss train. 🚄

U.K. Also Moves To Implement CARF

The U.K. government announced it’s implementing CARF for 2027. Their RCASPs must collect tax info annually. It’s like having a tax detective for every crypto user. 🕵️‍♂️ Meanwhile, the U.S. is also planning to implement the law. The Treasury sent the CARF regulations to the White House for review. Because nothing says “priority” like sending it to the president’s office. 🏛️

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2025-11-29 12:13