Hong Kong will legislate on the crypto asset reporting framework, with the goal of completing it by 2026.

MarsBitNews · 2026-04-01T02:20:57+00:00

Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Hao-lian, stated at the tax seminar that the Organization for Economic Co-operation and Development (OECD) has revised the CRS to include central bank digital currencies and has issued a framework for crypto asset reporting to promote transparency. Hong Kong plans to complete related legislation by 2026.

MarsBitNews

2026-04-01 02:20:57

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Mars Finance news: At the 2026 Annual Tax Seminar hosted by the Hong Kong Chapter of the Association of Chartered Certified Accountants (ACCA), Hong Kong’s Financial Services and the Treasury Bureau Deputy Secretary, Chen Haolian, said that the OECD has revised the Common Reporting Standard (CRS) to bring new digital financial products such as central bank digital currency (CBDC) into scope, and has optimized the reporting and due diligence requirements for financial institutions. In addition, the OECD has issued the Crypto-Asset Reporting Framework (CARF) so that tax jurisdictions can automatically exchange information on crypto-asset transaction activities to improve transaction transparency. The Hong Kong Legislative Council has given its support, with the goal of completing legislation by 2026.

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