I spent quite a while discussing this with friends in a group chat: Hong Kong’s crypto-asset tax reporting system will take effect in 2027, with cross-border information exchange set to begin in 2028.
It’s not a huge development, but viewed in the context of broader trends, it may be worth keeping in mind.
After reading this, I took a look at the candlestick chart. The market still seems to be mulling it over.
$BTC is currently at 75,792.