Hong Kong Approves Tax Reporting Rules for Cryptocurrencies
FinanceNov 04
Hong Kong Approves Tax Reporting Rules for Cryptocurrencies
Hong Kong has approved amendments to tax reporting for crypto assets. Starting in 2027, crypto exchanges and other accountable services will begin collecting data on clients and transactions for international exchange starting in 2028. The updated CRS rules will come into effect in 2028, with the first exchange scheduled for 2029.