Hong Kong Lawmakers Pass Crypto Tax Reporting Bill Weeks Before 2027 Data Collection Begins

Hong Kong’s legislature approved a bill incorporating the OECD’s Crypto-Asset Reporting Framework into local law, setting up cross-border sharing of crypto tax data. Service providers will begin collecting user information in 2027, with exchanges of that data slated to start in 2028. The move matters because it aligns Hong Kong with global tax-transparency standards and expands reporting obligations for crypto platforms operating there. What to watch next is how providers implement data collection ahead of the 2027 start and whether other jurisdictions follow with compatible regimes.