ChainCatcher news, Switzerland is considering incorporating cryptocurrency tax data into its international information exchange agreements.The Federal Council launched a consultation procedure for a new bill on Wednesday. The bill aims to facilitate the sharing of cryptocurrency asset information with 111 jurisdictions. These jurisdictions are currently part of the automatic information exchange. Sharing depends on whether they comply with the OECD's cryptocurrency asset reporting framework.Switzerland has long been at the forefront of cryptocurrency adoption. Places like Lugano have been pioneers in accepting cryptocurrencies such as Tether (USDT) and Bitcoin (BTC) for tax purposes. The country's political framework allows the Federal Tax Administration to classify Bitcoin as a means of payment. Therefore, Bitcoin is exempt from Value Added Tax (VAT).The Federal Council's goal is to determine the start date for the automatic exchange of cryptocurrency-related information with its partner states. The consultation period for the proposed legislation will end on November 15, 2024.