Hong Kong passes OECD Crypto-Asset Reporting Framework, implementation to begin in 2027

Hong Kong’s Legislative Council has approved a new bill to integrate the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) into the city’s tax law. The measure, known as the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026, was passed on November 4 according to a government statement. The new legislation gives legal backing to the roadmap detailed by the Hong Kong government in May.

Source: CoinTurk News