Hong Kong Adopts OECD Crypto Tax Reporting, Data Exchange by 2028

Hong Kong's Legislative Council has adopted OECD standards requiring digital asset platforms to collect user information starting next year, with automatic exchange of tax data with other jurisdictions beginning in 2028. This marks a significant shift in Hong Kong's approach to financial privacy, aligning with global tax transparency efforts. The move could impact crypto market participants and signal broader regulatory convergence.

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