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Calix: CARF is essentially a "crypto version of CRS." Hong Kong is entering the countdown to implementation. Fintax founder Calix explained the concept of CARF in an interview with Wu Shuo, vividly defining it as "the crypto version of CRS," aiming to address the tax evasion risks caused by the strong privacy features of crypto assets through a reporting and exchange mechanism similar to CRS. He detailed the compliance timeline in Hong Kong: legislative completion is expected by 2026, local financial institutions will start collecting user transaction data on January 1, 2027, and the first cross-border information exchange is planned for September 2028. The video and written content only represent the interviewee's views and do not reflect Wu Shuo's opinions.