Hong Kong Govt consults on implementing the OECD’s Crypto-Asset Reporting Framework and updated CRS, to strengthen crypto-asset tax reporting and due diligence – proposals by 6 Feb 2026 

The consultation paper proposes amendments to Hong Kong’s Inland Revenue Ordinance to introduce mandatory reporting, record-keeping requirements, enhanced penalties and registration obligations for financial institutions in line with the OECD’s Crypto-Asset Reporting Framework (CARF) and updated Common Reporting Standard (CRS), reflecting the rapid growth of digital asset markets. The Government plans to complete these legislative changes in the coming year, with automatic exchange of crypto-asset tax information expected from 2028 and implementation of the amended CRS from 2029, while inviting public feedback on the proposals by February 6, 2026…