Switzerland is advancing forward with plans to exchange data on encoding automatically with 74 partner countries, including the United Kingdom and all European Union member states.
The Federal Council, the Swiss government, has adopted a bill to enable automatic exchange of information (AEOI) on encryption with partner countries, According to To an official announcement on June 6.
The proposal also suggests sharing data with most G20 countries. This management excludes the United States, Saudi Arabia and China, According to To the function of X by the Swiss federal government.
The draft law is currently under discussion in Parliament, and if approved, the AEOI framework for encryption will be valid on January 1, 2026.
The first exchange of data expected in 2027
The new proposal follows the AEOI’s international legal rules for the AEOI legal rules regarding the accredited assets approved on February 19, 2025.
During a June 6 meeting, the council relied on AEOI approval, targeting the first exchange of encryption data in 2027.
Before the actual exchange of data on encryption assets, the Federal Council suggested reviewing whether the AEOI stimulated partner continues to fulfill the requirements of the standard.
The council said: “In order to achieve this purpose, the AEOI’s current review mechanism must also cover the future account information also AEOI in relation to encryption assets, which requires amending the Federal Decree opposite accordingly,” the council said.
This is a developing story, and more information will be added when available.
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