Hong Kong lawmakers pass bill adopting OECD crypto tax reporting rules
Photo: Crypto Briefing
Crypto exchanges and brokers with Hong Kong ties will collect user transaction data for tax authorities starting January 1, 2027 Hong Kong’s Legislative Council has passed a bill that will require crypto service providers to collect customer transaction data and hand it to the city’s tax authority. The rules take effect on January 1, 2027. The law does not create a new crypto tax. It makes sure the existing tax system can actually see what people are doing with their digital assets.
Also reported by The Defiant.
Source: Crypto Briefing
