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Hong Kong plans to enact a legislative framework for crypto asset disclosure by 2026 and implement a revised version of the CRS by 2028.

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**April 1 – Per CoinHong Kong, Hong Kong’s Under Secretary for Financial Services and the Treasury Joseph Chan announced at the ACCA Hong Kong Chapter’s 2026 Taxation Seminar that the Legislative Council has backed legislation for the Crypto Asset Reporting Framework (CARF). The goal is to enable automatic exchange of crypto asset transaction data across tax jurisdictions by 2026, boosting transaction transparency.** **Additionally, Hong Kong intends to adopt the OECD’s revised Common Reporting Standard (CRS) by 2028, with the first data exchange with participating jurisdictions set for 2029. Chan emphasized that rolling out CRS and CARF is critical to strengthening Hong Kong’s status as an international asset management and financial hub.**
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