The Hong Kong SAR government plans to implement a cryptocurrency reporting system starting in 2027 and has established a dedicated task force.

The Hong Kong Special Administrative Region government plans to implement a reporting system for crypto assets starting in 2027, covering assets such as Bitcoin, Ethereum, and Solana. Chan Ho-lim, Under Secretary for Financial Services and the Treasury, stated that relevant service providers will be required to register with the tax authorities and maintain due diligence records. A dedicated team has been established to provide technical support. (Source: Caijing Magazine) The crypto industry is focused on the scope of service providers covered in the tax guidelines, as well as the impact of the initial list of exchange partners on cross-border tax information exchange after 2028.