星球日报|Jan 30, 2026 07:54
[Hong Kong Financial Services and the Treasury Bureau: Implementing the Crypto Asset Reporting Framework to Advance Automatic Exchange of Tax Information for Cross-Border Crypto Asset Transactions by 2028]
Odaily Planet Daily News – According to the official website of the Hong Kong Legislative Council's Panel on Financial Affairs, the Hong Kong Financial Services and the Treasury Bureau will provide a policy briefing. Secretary Christopher Hui and Under Secretary Joseph Chan, among others, will attend the briefing. Relevant documents indicate that to promote the sustainable and healthy development of the digital asset industry in Hong Kong and further consolidate Hong Kong's position as an international financial center, legislative proposals will be submitted to the Legislative Council this year to implement the Crypto-Asset Reporting Framework and amendments related to the Common Reporting Standard developed by the Organisation for Economic Co-operation and Development (OECD). The goal is to automatically exchange tax information related to crypto asset transactions with other tax jurisdictions starting in 2028, in order to combat cross-border tax evasion and enhance international tax transparency. Public opinions are currently being collected on the legislative proposals.
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