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


Hong Kong Financial Secretary Paul Chan Mo-po stated at the Chartered Association of Certified Accountants (ACCA) Hong Kong Branch 2026 Annual Taxation Seminar that the Organisation for Economic Co-operation and Development (OECD) has revised the Common Reporting Standard (CRS) to include new digital financial products such as central bank digital currencies, and has optimized the reporting and due diligence requirements for financial institutions.
In addition, the OECD has released the Crypto Asset Reporting Framework (CARF) to enable tax jurisdictions to automatically exchange crypto asset transaction data to improve transaction transparency. The Hong Kong Legislative Council has already given support, with the aim of passing legislation by 2026.
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