ChainCatcher
@ChainCatcher_
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🇭🇰 Hong Kong lawmakers pass crypto reporting bill.
The OECD’s Crypto-Asset Reporting Framework (CARF) will take effect in Hong Kong in 2027. Covered crypto service providers must collect and report specified user and transaction data. Hong Kong’s tax authority will begin automatically sharing that data with partner jurisdictions in 2028.
The amended Common Reporting Standard (CRS) will take effect in 2028. Automatic exchanges of financial account data under the updated standard will begin in 2029.
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