Hong Kong Announces Introduction of Bill to Implement Crypto-Asset Reporting Framework

The Hong Kong Inland Revenue Department (IRD) has issued a release on the Legislative Council meeting that will be held on 3 June 2026, which will include, among other things, the introduction and first and second readings of the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026. The Crypto-Asset Reporting Framework (CARF) will be implemented in 2027, with in-scope crypto-asset service providers required to register with the IRD and…