Hong Kong plans to complete the legislation of the crypto asset reporting framework by 2026 and implement the revised CRS before 2028.

CycleProphet · 2026-04-01T02:01:08+00:00

The Deputy Secretary for Financial Services and the Treasury, Chen Hao-lian, announced that Hong Kong will complete the legislation for the crypto asset reporting framework by 2026 and implement the OECD revised Common Reporting Standard to enable automatic exchange of crypto asset transaction data, enhance transaction transparency, and strengthen Hong Kong's status as a financial center.

CycleProphet

2026-04-01 02:01:08

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Deep Tide TechFlow message. On April 01, according to China Hong Kong Information, Chen Haolian, Deputy Secretary for Financial Affairs and the Treasury of Hong Kong, stated at the ACCA Hong Kong Branch’s 2026 Tax Seminar that Hong Kong has already received support from the Legislative Council. The goal is to complete the legislation of the Crypto-Asset Reporting Framework (CARF) within 2026 in order to enable the automatic exchange of crypto-asset transaction data between different tax jurisdictions and enhance transaction transparency. In addition, Hong Kong plans to implement the OECD amended version of the Common Reporting Standard (CRS) before 2028, and complete the first data exchange with participating tax jurisdictions by 2029. Chen Haolian emphasized that implementing CRS and CARF has far-reaching significance for consolidating Hong Kong’s position as an international asset management hub and financial center.

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