The Swiss Federal Council has recently initiated a consultation process for a new bill aimed at facilitating the international sharing of information on crypto assets. The bill covers cooperation with 111 jurisdictions participating in automatic information exchange, with shared conditions based on adherence to the OECD's reporting framework for crypto assets. Switzerland is a leader in the adoption of cryptocurrencies, with cities like Lugano accepting USDT and BTC as means of tax payment. The country's political environment allows the Federal Tax Administration to consider Bitcoin as a means of payment and exempt it from value-added tax. The aim of the Federal Council is to determine the starting date for the automatic exchange of encrypted information between partner states. The public consultation period will run until November 15, 2024.