Hong Kong will legislate on the crypto asset reporting framework, with the goal of completing it by 2026.

MeNews · 2026-04-01T03:43:18+00:00

The Deputy Secretary for Financial Services and the Treasury of Hong Kong stated at the seminar that the Organization for Economic Co-operation and Development (OECD) has revised the Common Reporting Standard to include new financial products such as central bank digital currencies, and has introduced a crypto asset reporting framework. The Hong Kong Legislative Council supports the goal of completing legislation by 2026.

MeNews

2026-04-01 03:43:18

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ME News update, April 1 (UTC+8). At the ACCA Hong Kong Branch 2026 Annual Tax Seminar, Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian, said that the OECD has revised the Common Reporting Standard (CRS) to include new digital financial products such as central bank digital currency, and has optimized reporting and due diligence requirements for financial institutions.

In addition, the OECD has issued the Crypto-Asset Reporting Framework (CARF) so that tax jurisdictions can automatically exchange information on crypto-asset transaction data to improve transaction transparency. The Hong Kong Legislative Council has provided support, with the goal of completing the legislation within 2026. (Source: HK Buoy Information)

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