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

ZkProver · 2026-04-01T04:26:43+00:00

Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Hao-lian, stated at the seminar that the Hong Kong Financial Services and the Treasury Bureau has revised the Common Reporting Standard, incorporating new financial products such as central bank digital currencies, and has issued a crypto asset reporting framework. The aim is to enhance transaction transparency, and Hong Kong plans to complete the relevant legislation by 2026.

ZkProver

2026-04-01 04:26:43

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ChainCatcher message: At the ACCA Hong Kong Branch 2026 Annual Tax Seminar, Chan Ho-lim, Deputy Secretary for Financial Affairs and the Treasury of the Hong Kong SAR, said that the OECD has revised the Common Reporting Standard (CRS) to bring new digital financial products such as central bank digital currency (CBDC) into scope, 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 crypto-asset transaction information to improve transaction transparency. The Legislative Council of Hong Kong has given its support, with the goal of completing the legislation in 2026.

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