The Hong Kong Inland Revenue Department has published new guidance that covers the implementation of the Crypto-Asset Reporting Framework (CARF) in Hong Kong. The guidance details the scope and coverage of the rules, including the definition of reportable relevant crypto-assets and Reporting Crypto-Asset Service Providers (RCASPs). It also outlines the types of reportable transactions, the requirements for due diligence (collecting and verifying user self-certifications) and annual reporting…