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

2026-03-31 19:34:59

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Golden Finance reports that on March 31, Chen Haolian, Deputy Secretary for Financial Services and the Treasury of Hong Kong, said at the ACCA Hong Kong Chapter’s 2026 Annual Tax Seminar that the OECD has revised the Common Reporting Standard (CRS) to include new digital financial products such as central bank digital currency, and optimized the reporting and due diligence requirements for financial institutions. In addition, the OECD has released the Crypto-Asset Reporting Framework (CARF) so that tax jurisdictions can automatically exchange information on crypto-asset transaction data to improve transaction transparency. The Legislative Council of Hong Kong has given support for the goal of completing the legislation within 2026.

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