Revolut crypto in Switzerland: what changes on 25 October

Estimated reading time: 6 min

A change of crypto provider raises several questions at once: will assets still be transferable, must new terms be accepted, and which documents should be kept? Before deciding, distinguish a restriction of features from a complete account closure.

The Revolut notifications reviewed make precisely that distinction possible. The analysis below is based on individual communications dated 13 and 16 October 2026, confirmed by a reminder on 19 October. Each customer must check the message and terms applicable to their own account. [3]

What changes, and when

The messages set 25 October 2026 at 17:18 GMT as the end of transactions between the Revolut Ltd crypto account and external wallets, both incoming and outgoing, for Switzerland-based accounts covered by this notification. This corresponds to 18:18 in Switzerland on that date. [3]

Two options are described. Without a transfer request, assets remain with Revolut Ltd and other crypto services continue according to the message; external deposits and withdrawals become unavailable. With the proposed transfer to Revolut Digital Assets Europe Ltd, or RDAEL, Revolut states that these features will be maintained. The notification does not ask customers to sell their holdings and does not announce automatic liquidation. [3]

Understanding the change of contractual counterparty

The proposed migration requires customers to answer questions, read and accept RDAEL’s terms, then confirm the request. RDAEL also becomes the controller of personal data relating to crypto services. [3]

Revolut’s public documentation identifies RDAEL as a Cypriot company holding CySEC licence 001/2025 as a crypto-asset service provider under MiCA. [2] This information identifies the provider; it does not mean that all Revolut group services are changing entity.

Before accepting, compare fees, supported assets and networks, custody terms, complaint procedures and any restrictions. The email does not set out all these terms. A promise of functional continuity is no substitute for reading them.

What are the tax implications in Switzerland?

For payment tokens held as private assets, the Federal Tax Administration requires declaration for cantonal wealth tax at the end-of-period value. Private capital gains are generally tax-free and corresponding losses non-deductible; professional activity may lead to different treatment. [1]

Income must be distinguished from changes in value: staking rewards through a pool generally constitute income from movable assets, and airdrops also have their own tax treatment. [1]

For record-keeping purposes, a change of entity does not remove the need to identify what actually occurred. Asset transfers, sales followed by repurchases, conversions and fees must remain distinguishable. Tax classification depends on the transactions and the taxpayer’s circumstances, not merely the provider name displayed in the app.

Useful steps before choosing

First check in the app which entity provides your crypto services and which notification applies to you. Compare the options with your actual use: holding and internal transactions, or regular transfers to an external wallet. Use in-app support for contractual points that are not explained.

Download the available statements, transaction history, fees and valuation information. After any migration, reconcile quantities and movements and retain confirmations. The aim is to explain the transition from one statement to the next without gaps in the records.

Keep the information needed for your tax return, but never store a private key or recovery phrase in a shared folder. This documentary preparation is useful whichever option you choose.

Conclusion

The issue on 25 October concerns transfers to and from external wallets and the contractual provider that will handle them. For affected customers, an informed decision rests on their usage, the proposed terms and properly retained transaction records.

Frequently asked questions

Will cryptocurrencies be sold automatically?

The notifications reviewed do not provide for automatic liquidation. They state that assets remain with Revolut Ltd if no transfer takes place.

According to these emails, what is lost without migration?

The ability to deposit from an external wallet and withdraw to an external wallet. Other services remain available according to the notification.

Does the transfer to RDAEL also change the data controller?

Yes. The message states that RDAEL becomes the controller of data relating to crypto services.

Are private losses deductible?

For payment tokens held as private assets, the Federal Tax Administration states that capital losses are generally not deductible.

Official sources

1. Federal Tax Administration — Cryptocurrencies: taxation, working paper
2. Revolut — RDAEL identity and authorisation
3. Individual Revolut notifications of 13 and 16 October 2026; reminder of 19 October reviewed on 20 October. Private sources examined; personal data and links are not reproduced.

Editorial date: 2026-10-16 · Prepared and checked on 20 October 2026. This updated version is not evidence of publication on the editorial date.