According to a June 26 article in Ming Pao by Hong Kong Legislative Council member Carmen Kan, Hong Kong's "Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026" was passed by the Legislative Council on June 17, mainly to optimize the registration of reporting institutions, record-keeping, and penalty arrangements under the Automatic Exchange of Information (AEOI) framework. The article noted that the bill for the "Crypto-Asset Reporting Framework (CARF)," which adopts a similar compliance framework, has also entered the deliberation stage. Kan said she welcomes the authorities following up on optimization suggestions during the deliberation of the crypto-asset bill, including the record-keeping responsibilities of directors after an entity's dissolution, statutory defense clauses, and the scope of application of administrative penalties.