According to Deputy Secretary Christopher Hui, Hong Kong aims to finish CARF legislation in 2026, adopt the revised CRS by 2028, and begin automatic crypto data exchange with participating jurisdictions in 2029.
Hong Kong plans to complete legislation for the OECD’s Crypto-Asset Reporting Framework in 2026, according to Deputy Secretary Christopher Hui. Hui said the city also aims to implement the revised Common Reporting Standard by 2028 and carry out its first automatic exchange of crypto transaction data with participating jurisdictions by 2029. The update adds a more detailed implementation timeline to Hong Kong’s earlier commitment to align with OECD cross-border crypto tax reporting standards.