Hong Kong adopts OECD crypto reporting framework, with data collection in 2027 and revised CRS in 2028
Hong Kong’s Legislative Council passed a law on November 4 adopting the OECD’s Crypto-Asset Reporting Framework (CARF). Relevant crypto-asset service providers must begin collecting transaction information in 2027, and automatic exchanges of crypto-related tax information with partner jurisdictions are scheduled to start in 2028 [1] [2] [3].
The Defiant reported that annual reports will link customer identities to fiat trades, token swaps and transfers, including withdrawals to external wallets. The revised Common Reporting Standard is also set to take effect in 2028 [4] [1] [3].
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- 1Hong Kong Passes Crypto Tax Reporting Law, With Data Collection Starting in 2027Wu Blockchain• Nov 4, 2026
- 2Hong Kong passes crypto tax reporting law with new rules starting in 2027crypto.news• Nov 4, 2026
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- 4Hong Kong Passes Crypto Tax Reporting Bill for 2027 StartThe Defiant• Nov 4, 2026
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