Hong Kong's crypto asset reporting framework bill has entered the deliberation stage
2026-06-27 08:02
Odaily Planet Daily News Hong Kong Legislative Council member Junius Ho revealed that the "Inland Revenue (Amendment) (Automatic Exchange of Information) Ordinance 2026" was passed by the Legislative Council last week, and the Crypto-Asset Reporting Framework (CARF) bill has entered the deliberation stage. Junius Ho 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 in the future. (Ming Pao)
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