According to reports, Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Hao-lian, stated that Hong Kong plans to implement the revised Common Reporting Standard (CRS) by 2028 and promote the legislative establishment of the Crypto Asset Reporting Framework (CARF), with the goal of completing the relevant legislative procedures within this year. According to the schedule, Hong Kong intends to conduct its first automatic exchange of information on crypto assets and financial accounts with participating tax jurisdictions by 2029.

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