Reporting

We keep this deliberately precise, because reporting rules are changing and we won’t make promises that won’t age well.

Self-custodied positions today (CRS)

Under the Common Reporting Standard (CRS) today, your self-custodied collateral is not a reportable financial account. So: no reporting of self-custodied positions under CRS today.

What’s changing (CARF)

Switzerland has adopted the OECD Crypto-Asset Reporting Framework (CARF). Key points:

CARF reports transactions (crypto-to-fiat conversions, transfers) on an aggregate annual basis — not year-end balances.
Due-diligence duties were slated to begin from 2026, with the activation of the partner-jurisdiction list postponed further.
According to our current analysis, CARF changes do not affect the collateral / borrower side. They apply to the lender side (fiat↔stablecoin conversions Helva effectuates for the lender). That analysis is not a guarantee; it will be validated with Swiss tax counsel before CARF exchanges activate.

flowchart LR
    A[Borrower collateral] -->|CRS today| B[Not a reportable account]
    A -->|CARF, current analysis| C[Not the borrower side]
    L[Lender conversions] -->|CARF, once active| D[Reportable for the lender]

Our honest position

Data minimization and Swiss data residency.
No reporting of self-custodied positions under CRS today.
A ZK-KYC roadmap to reduce data exposure over time.
CARF, on our current analysis: lenders yes, borrowers no.