Caixin: Overseas taxation is becoming increasingly strict, and CRS 2.0 will include encrypted assets in the global tax "eye" According to a report by Golden Finance on May 20th, the latest issue of Caixin Weekly revealed that the global tax "Eye of Heaven" CRS2.0 is accelerating its global implementation, and encrypted assets, CBDCs, and some electronic currency products have been included in the scope of financial asset declaration. Hong Kong, China plans to implement CRS2.0 and simultaneously promote the Crypto Asset Reporting Framework (CARF) before 2028. In the future, cryptocurrency exchanges, brokers, and cryptocurrency ATM operators will need to declare the exchange of cryptocurrencies with fiat currencies, cross currency cryptocurrency asset swaps, and domestic and foreign transfers of cryptocurrencies. The declaration must accurately indicate the full name of the asset, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., and calculate the total market value, total holdings, and number of transactions according to transaction dimensions; For retail payment transactions, individual declarations are required for each transaction with a single amount exceeding $50000. Although there is no official timetable for the implementation of CRS2.0 in mainland China, from 2025 onwards, tax departments in many places will notify taxpayers to self check and declare their overseas income for the years 2022-2024 and pay taxes in accordance with the law through phone calls, text messages, and other means. It is reported that CRS2.0 will not only fully expose overseas holdings of encrypted assets to tax regulatory scrutiny, but may also trigger joint inspections by other regulatory departments. https://weekly. (caixin.com)/2026-05-16/102444595.html