Hong Kong Passes Law Requiring Crypto Exchanges to Report Customer Transactions to Tax Authorities
Key Highlights Hong Kong has enacted legislation requiring cryptocurrency exchanges and covered service providers to record client identification and transaction data starting in 2027. The legislation adopts the OECD’s Crypto-Asset Reporting Framework (CARF), mandating automatic sharing of tax information with overseas authorities beginning in 2028. Reportable transactions include purchases, sales, crypto-to-crypto swaps, and transfers to ...