Hong Kong Opens Public Consultation on Crypto Tax Rules
Key Notes
- Hong Kong begins public consultation on adopting OECD’s CARF and updating CRS.
- Automatic cross-border crypto tax reporting planned for 2028.
- New rules arrive as Hong Kong’s regulated crypto sector accelerates growth.
The Hong Kong government has opened a public consultation on adopting the OECD’s Crypto-Asset Reporting Framework (CARF) and updating the long-standing Common Reporting Standard (CRS). This comes as the city aims to integrate cryptocurrencies into global tax-transparency systems and cross-border financial reporting.
Officials say the initiative would introduce automatic exchange of crypto-related tax data between Hong Kong and eligible partner jurisdictions from 2028. The full…
