Hong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Revised Common Reporting Standard) Bill 2026, formally adopting the OECD's Crypto-Asset Reporting Framework (CARF) and revised Common Reporting Standard (CRS). The legislation mandates crypto service providers to collect specified user data beginning in 2027. The Inland Revenue Department will commence automatic tax information exchanges with partner jurisdictions under CARF starting in 2028. The revised CRS takes effect in 2028, with financial account information exchanges under the new standard beginning in 2029. The department has established a dedicated team for technical support and will issue compliance guidance ahead of implementation deadlines.