Hong Kong: Crypto-Asset Reporting Framework Implementation Announced
The Hong Kong Information Services Department confirmed the country’s commitment to implementing the Crypto-Asset Reporting Framework (CARF). This initiative aims to bolster international tax transparency and address cross-border tax evasion.
- The Government plans to begin automatic exchanges with relevant jurisdictions under CARF starting in 2028.
- Legislative amendments necessary for CARF implementation are expected to be in place by 2026.
Source: news.gov.hk
