The Hong Kong Crypto-Asset Reporting Framework Bill has entered the deliberation stage

Odaily Planet Daily News Hong Kong Legislative Council member Carmen Kan revealed that the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 was passed by the Legislative Council last week, and the Crypto-Asset Reporting Framework (CARF) Bill has entered the deliberation stage. Kan stated that between 2018 and 2025, the Hong Kong government has recovered over HK$100 million in taxes and penalties, and it is expected that approximately 8,000 additional financial institutions will be required to register mandatorily in the future. (Ming Pao)