Hong Kong mandates crypto trade tracking for firms by 2027

Community Trust Score Verified 90 % Real Verified 30 votes Updated 2 minutes ago Hong Kong’s Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026 on Nov. 4, 2026. The legislation mandates that covered crypto-asset service providers begin collecting customer trade information under the Crypto-Asset Reporting Framework (CARF) on Jan. 1, 2027. The Inland Revenue Department (IRD) will utilize this collected data to commence information exchanges with partner jurisdictions in 2028. The bill simultaneously implements the amended Common Reporting Standard (CRS) for financial account information, which takes effect on Jan.

Source: The Currency Analytics