On December 9th, the Hong Kong government has new actions! In response to the OECD's release of the framework for reporting on crypto assets and the amendments to the Common Reporting Standard, a public consultation has officially begun.

The Hong Kong government plans to complete the relevant legislative amendments locally next year. It has also set a goal to automatically exchange tax information related to crypto asset transactions with cooperating tax jurisdictions starting in 2028; by 2029, the newly amended Common Reporting Standard will be implemented.

The Secretary for Financial Services and the Treasury, Christopher Hui, stated that this is to demonstrate Hong Kong's firm commitment to actively promote international tax cooperation and vigorously combat cross-border tax evasion. After all, this is crucial for maintaining Hong Kong's good reputation as an international financial center.

If anyone has thoughts on the relevant suggestions, they can submit their opinions before February 6, 2026. The Hong Kong government's series of actions seems to be closely following international steps, taking a key step in the tax management of crypto assets, and the subsequent developments are worth looking forward to! If you feel helpless and confused about trading right now and want to learn more knowledge and cutting-edge information, follow me to avoid getting lost during market fluctuations. #加密市场观察