TechFlow News, April 1: According to Hui Gang Information, at the ACCA Hong Kong Chapter’s 2026 Taxation Seminar, Mr. Chan Ho-lam, Deputy Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong has secured legislative support from the Legislative Council to complete legislation for the Crypto-Asset Reporting Framework (CARF) by the end of 2026. This framework aims to enable automatic exchange of crypto-asset transaction data among tax jurisdictions, thereby enhancing transaction transparency. Additionally, Hong Kong plans to implement the OECD’s revised Common Reporting Standard (CRS) by 2028 and complete its first data exchange with participating tax jurisdictions by 2029. Mr. Chan emphasized that implementing both CRS and CARF holds profound significance for reinforcing Hong Kong’s status as an international asset management and financial center.
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