Hong Kong Passes Crypto Tax Reporting Bill Ahead of 2027 Data Collection

Cointime update: Hong Kong’s legislature passed a bill writing the OECD’s Crypto-Asset Reporting Framework into local law, with service providers set to begin collecting user information next year for cross-border sharing from 2028. The vote comes weeks before the 2027 data-collection start date. The framework requires crypto service providers to gather and report taxpayer data to authorities for exchange with other jurisdictions.