Hong Kong will enact legislation on the crypto asset declaration framework, with the goal of completing it within 2026

In comparison, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Mr Chan Ho-lim, said at the 2026 Annual Tax Seminar of the Association of Chartered Certified Accountants (ACCA) Hong Kong Branch that the OECD has revised the Common Reporting Standard (CRS) to include new digital financial products such as central bank digital currencies and to optimize reporting and due diligence requirements for financial institutions. Furthermore, the OECD issued the Crypto Asset Declaration Framework (CARF) to enable tax jurisdictions to automatically exchange cryptoasset transaction data to improve transaction transparency. The Hong Kong Legislative Council has given support to complete legislation within 2026. (Aastocks)