The Swiss Federal Council has approved the AIA Expansion plan, which includes a new Crypto-Asset Reporting Framework. This initiative, announced on February 19, 2025, will see Switzerland automatically share data on crypto wallets, NFTs, and DeFi transactions with over 100 countries starting in 2026. The move aims to align with international crypto exchange regulations and counter-financing of terrorism (CFT) measures. This development marks the first integration of crypto assets into the global tax framework, mandating Know Your Customer (KYC) and tax reporting requirements for investors and institutions. The plan is expected to enhance transparency and compliance in the crypto sector, facilitating international cooperation in tax matters.