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The Legislative Council of the Hong Kong Special Administrative Region has passed the Crypto-Asset Tax Information Reporting Bill, requiring providers to collect customer transaction information starting in 2027.
The Legislative Council of the Hong Kong Special Administrative Region passed the crypto tax information reporting bill on November 4. The bill requires covered crypto-asset service providers to begin collecting customer transaction and other information starting in 2027, in order to assist the Inland Revenue Department of Hong Kong in initiating automatic exchanges of information (AEOI) with partner jurisdictions under the CARF starting in 2028.
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