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

BlockBeatNews · 2026-04-01T02:06:55+00:00

Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Hao-lian, stated that Hong Kong has received support from the Legislative Council to complete the legislation of the crypto asset reporting framework by 2026, enabling automatic exchange of crypto asset transaction data across tax jurisdictions and enhancing transparency. At the same time, the plan is to implement the revised Common Reporting Standard by 2028 and complete data exchange by 2029.

BlockBeatNews

2026-04-01 02:06:55

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BlockBeats message, April 1, according to HuiGang Information, Chen Haolum, Deputy Director of the Hong Kong Financial Affairs and Treasury Bureau, said at the ACCA Hong Kong Branch 2026 Tax Seminar that Hong Kong has already received support from the Legislative Council, with the goal of completing the legislation for the Crypto-Asset Reporting Framework (CARF) by 2026, in order to enable the automatic exchange of crypto-asset transaction data among tax jurisdictions and improve transaction transparency.

In addition, Hong Kong plans to implement the OECD Revised Common Reporting Standard (CRS) before 2028, and to complete the first data exchange with participating tax jurisdictions before 2029. Chen Haolum emphasized that implementing CRS and CARF has far-reaching significance for strengthening Hong Kong’s position as an international asset management hub and financial center.

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