Hong Kong’s Legislative Council passed a bill implementing the OECD’s Crypto-Asset Reporting Framework, with the framework set to take effect in 2027 and automatic exchanges of crypto-transaction tax information due to start in 2028, BlockBeats reported.
Reporting timetable
The Hong Kong SAR government said crypto-asset service providers will have to collect specified information under CARF. The Inland Revenue Department will exchange that information with partner jurisdictions from 2028.
The bill also brings an amended Common Reporting Standard into force in 2028. Automatic exchanges of financial-account information under the revised CRS are scheduled to begin in 2029.
Financial Secretary Christopher Hui said the measures should support Hong Kong’s standing as an international financial and commercial center and improve confidence among crypto-asset providers, financial institutions and digital-asset users. The government said exchanges will operate on the basis of reciprocity, confidentiality and data security, while the Inland Revenue Department plans to issue guidance and establish a technical-support team.
Source: BlockBeats, published Nov. 4, 2026.