Hong Kong Crypto Asset Reporting Framework Amendment Bill Enters Legislative Review After Passage

According to Odaily citing the Ming Pao, Hong Kong legislator Simonetta Lam disclosed that the 2026 Taxation (Amendment) (Automatic Exchange of Information) Bill passed the Legislative Council last week, with the Crypto Asset Reporting Framework (CARF) amendment bill now entering the review stage. Between 2018 and 2025, the Hong Kong government recovered over HK$100 million in taxes and penalties combined. Approximately 8,000 additional financial institutions are expected to require mandatory registration under the new framework.
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