Hong Kong Targets Crypto Tax Evasion with 2028 Data Sharing Plan

Hong Kong launched a public consultation on implementing the OECD’s Crypto-Asset Reporting Framework (CARF) and amended Common Reporting Standard (CRS), aiming to begin automatic exchange of crypto tax information with partner jurisdictions by 2028. The government plans to complete legislative amendments in 2026, strengthening the city’s commitment to international tax cooperation while maintaining its reputation as a global financial hub amid evolving digital asset regulations. Financial Services Secret ...