Hong Kong’s Legislative Council has passed legislation adopting the OECD’s Crypto-Asset Reporting Framework, obliging digital asset exchanges, brokers, dealers and certain crypto ATM operators to register with the city’s tax authority and collect detailed customer data beginning January 1, 2027, with automatic exchanges of that information with partner jurisdictions starting in 2028.

The bill, formally titled the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026, was approved on November 4, according to a government announcement. It marks the first time the territory has folded crypto intermediaries into its tax transparency machinery, which until now has rested on the Common…