• The government plans to enable the automatic exchange of tax information on crypto asset transactions with other jurisdictions
• It also aims to pass local legislative amendments within a year, start data exchange under CARF around 2028, and roll out the amended CRS by 2029
• As of late 2025, the city’s licensing regime for virtual asset trading platforms (VATPs) is becoming more established, with multiple licensed platforms under the supervision of the local regulator

The Hong Kong government launched a public consultation on implementing the Crypto‑Asset Reporting Framework (CARF) and making related amendments to the Common Reporting Standard (CRS), both developed by the Organisation for Economic Co-operation and Development (OECD).

The goal is to enable automatic exchange of tax information on crypto asset transactions with other jurisdictions. The government pl…

Read The Full Article Hong Kong Prepares to Share Crypto Asset Data with Tax Authorities Worldwide On Coin Edition.

• The government plans to enable the automatic exchange of tax information on crypto asset transactions with other jurisdictions
• It also aims to pass local legislative amendments within a year, start data exchange under CARF around 2028, and roll out the amended CRS by 2029
• As of late 2025, the city’s licensing regime for virtual asset trading platforms (VATPs) is becoming more established, with multiple licensed platforms under the supervision of the local regulator

The Hong Kong government launched a public consultation on implementing the Crypto‑Asset Reporting Framework (CARF) and making related amendments to the Common Reporting Standard (CRS), both developed by the Organisation for Economic Co-operation and Development (OECD).

The goal is to enable automatic exchange of tax information on crypto asset transactions with other jurisdictions. The government pl…

Read The Full Article Hong Kong Prepares to Share Crypto Asset Data with Tax Authorities Worldwide On Coin Edition.