Hong Kong's making moves on the crypto tax front. The government just rolled out a consultation on CARF — that's the framework for automatic exchange of crypto tax info with other jurisdictions. They're targeting 2028 for this to go live. On top of that, tweaks to the existing CRS are slated for 2029.

Secretary Christopher Hui's been vocal about playing ball with international tax standards and cracking down on cross-border evasion schemes. The consultation window's open for public input through early February, so anyone with skin in the game should probably weigh in.

This signals Hong Kong's doubling down on compliance infrastructure while keeping pace with global regulatory shifts. Worth watching how this shapes reporting obligations for exchanges and wallet providers operating in the region.