The Hong Kong Cryptocurrency Asset Reporting Framework Bill has entered the review stage

BlockBeats News, June 27, according to Ming Pao, Hong Kong Legislative Council member Holden Chow revealed that the "Inland Revenue (Amendment) (Automatic Exchange of Financial Account Information) Bill 2026" was passed by the Legislative Council last week, and the Crypto Asset Reporting Framework (CARF) Bill has entered the deliberation stage.

Holden Chow stated that the Hong Kong government has recovered over HK$100 million in taxes and penalties from 2018 to 2025, and it is expected that around 8,000 additional financial institutions will be required to register mandatorily in the future.