🚨 Hong Kong just went full KYC hell mode
Starting 2027, all crypto firms must track + report EVERYTHING to tax authorities:
• Every buy, sell, swap, withdrawal to external wallets
• Full customer identity, address, tax residency, TIN
• Transaction volumes, counts, gross values—all logged
By 2028? They'll auto-share your data with foreign tax authorities.
This is OECD's CARF framework in action—global tax surveillance wrapped in "transparency" language.
Hong Kong positioning as Asia's crypto hub while building a panopticon. Privacy maxis on suicide watch.
If you're trading there, assume everything's on-chain AND on-record. Plan accordingly.
Starting 2027, all crypto firms must track + report EVERYTHING to tax authorities:
• Every buy, sell, swap, withdrawal to external wallets
• Full customer identity, address, tax residency, TIN
• Transaction volumes, counts, gross values—all logged
By 2028? They'll auto-share your data with foreign tax authorities.
This is OECD's CARF framework in action—global tax surveillance wrapped in "transparency" language.
Hong Kong positioning as Asia's crypto hub while building a panopticon. Privacy maxis on suicide watch.
If you're trading there, assume everything's on-chain AND on-record. Plan accordingly.
