Other Governments Move Ahead as Switzerland Slows Implementation

[encrypted]

While Switzerland delays, other countries are accelerating CARF-aligned reforms. Brazil is considering taxing international crypto transfers, Reuters reports, and the U.S. White House recently reviewed an IRS proposal to join CARF as part of tightening rules for Americans using offshore exchanges. The timeline for Switzerland’s first information exchange — once expected in 2027 — is now unclear.

[Nahid Hossen]

While others push forward, Switzerland’s slowdown could cost them momentum.