Hong Kong Moves to Track Crypto Taxes Globally

The post Hong Kong Moves to Track Crypto Taxes Globally appeared first on Coinpedia Fintech News

Hong Kong has launched a public consultation to update its Crypto Asset Reporting Framework (CARF) and the Common Reporting Standard (CRS). The plan aims to automatically share tax information on crypto transactions with partner countries to fight cross-border tax evasion. The exchange of information is expected to start in 2028, with full implementation planned for 2029. This move shows Hong Kong’s growing focus on stronger regulation and global cooperation in crypto tax transparency.