Hong Kong will begin exchanging crypto data in 2028, while South Korea postpones taxation until 2029
The OECD introduced the Crypto-Asset Reporting Framework (CARF) to facilitate the cross-border exchange of cryptocurrency transaction data. According to PANews, Hong Kong will collect information in 2027 and begin exchanging data in 2028. South Korea has postponed cryptocurrency taxation until 2029 due to shortcomings in data coordination. The information exchanged will include transaction records; taxable gains will still depend on each individual's tax status and cost-basis calculations
#Binance News
The OECD introduced the Crypto-Asset Reporting Framework (CARF) to facilitate the cross-border exchange of cryptocurrency transaction data. According to PANews, Hong Kong will collect information in 2027 and begin exchanging data in 2028. South Korea has postponed cryptocurrency taxation until 2029 due to shortcomings in data coordination. The information exchanged will include transaction records; taxable gains will still depend on each individual's tax status and cost-basis calculations
#Binance News