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

SmartContractAuditor · 2026-04-01T04:02:34+00:00

The Deputy Secretary for Financial Services and the Treasury of Hong Kong stated that the OECD has revised the CRS to include central bank digital currencies and has issued a framework for crypto asset reporting to enhance transaction transparency. The Hong Kong Legislative Council supports completing the relevant legislation by 2026.

SmartContractAuditor

2026-04-01 04:02:34

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Odaily Planet Daily News: Chen Haoliany, Deputy Secretary for Financial Services and the Treasury Bureau of Hong Kong, said at the 2026 annual tax seminar of the Hong Kong branch of the Association of Chartered Certified Accountants (ACCA) 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 the 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 enhance transaction transparency, and the Legislative Council of Hong Kong has given support for the goal of completing legislation within 2026. (Aastocks)

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