Hong Kong will legislate a framework for cryptocurrency asset reporting, aiming to complete it by 2026


Deputy Secretary for Financial Services and the Treasury, Chen Hoi-shing, stated at the ACCA Hong Kong Annual Taxation Seminar 2026 that the Organisation for Economic Co-operation and Development (OECD) has revised the Common Reporting Standard (CRS) to include new digital financial products such as central bank digital currencies, and has optimized the reporting and due diligence requirements for financial institutions.
Additionally, the OECD has released the Crypto Asset Reporting Framework (CARF) to enable automatic exchange of crypto asset transaction data among tax jurisdictions to improve transaction transparency. The Hong Kong Legislative Council has already supported this initiative, with the goal of completing legislation by 2026.
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