Hong Kong passes new rules: Digital asset service providers must collect transaction information starting in 2027.
Crypto.news reports that the relevant data may be shared by Hong Kong authorities with overseas tax agencies starting in 2028. The rules apply to digital asset service providers, not ordinary holders filing their own taxes.
· Service providers operating in Hong Kong must start collecting transaction information in line with the new requirements from 2027.
· Cross-border sharing will not begin until 2028, leaving a one-year transition period.
Will your transaction records be collected by service providers first, or will you be asked to report them yourself first?
Crypto.news reports that the relevant data may be shared by Hong Kong authorities with overseas tax agencies starting in 2028. The rules apply to digital asset service providers, not ordinary holders filing their own taxes.
· Service providers operating in Hong Kong must start collecting transaction information in line with the new requirements from 2027.
· Cross-border sharing will not begin until 2028, leaving a one-year transition period.
Will your transaction records be collected by service providers first, or will you be asked to report them yourself first?
