Hong Kong passes tax reporting law for crypto exchanges, CoinDesk reports
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Hong Kong has passed legislation requiring crypto firms to collect user data starting in 2027 and share it with foreign tax agencies in 2028, according to CoinDesk.
Hong Kong has passed a law requiring crypto firms to collect customer and transaction details, according to CoinDesk. Under the legislation, the data collection mandate takes effect in 2027. Hong Kong authorities will then begin sharing this collected information with overseas tax authorities starting in 2028.
Key facts
- Collection starts 2027
- Global sharing starts 2028
- Reported by CoinDesk