Fintax founder Calix has described the Crypto-Asset Reporting Framework (CARF) as a "crypto version of CRS" in an interview, highlighting its role in addressing tax evasion risks associated with the anonymity of crypto assets. CARF aims to implement a reporting and exchange mechanism similar to the Common Reporting Standard (CRS). Calix outlined Hong Kong's compliance timeline, with legislation expected to be completed by 2026. Local financial institutions will begin collecting user transaction data on January 1, 2027, with the first cross-border information exchange planned for September 2028. The views expressed are those of the interviewee and do not represent the interviewer's perspective.