Switzerland: Postponement of review of draft law introducing cryptoasset reporting framework (CARF)

The Swiss Parliament on November 4, 2025, issued a press release announcing the postponement of the review of federal draft legislation No. 25.052, which concerned the activation of the list of partner jurisdictions for the automatic exchange of information (AEOI) on cryptoassets under the OECD’s cryptoasset reporting framework (CARF), effective January 1, 2026.

Several key jurisdictions have decided to delay the implementation of CARF beyond the initially agreed international timeline of January 1, 2026. Additionally, the OECD is reassessing key implementation issues, which could lead to a reinterpretation of the CARF.

Considering these developments, the Swiss National Council Committee on Economic Affairs and Taxes voted 18 in favor, zero against, and four abstentions to postpone the review of the draft legislation activating the list of partner jurisdictions for CARF until next year, pending clarity on the approach of other jurisdictions and the international community’s interpretation of the CARF rules.

Further clarification is expected from Swiss authorities regarding the impact of this decision on the general implementation of the CARF due diligence requirements, which are not affected by this vote and are still expected to become effective as of January 1, 2026.

Read a November 2025 report prepared by the KPMG member firm in Switzerland