Hong Kong Financial Services and the Treasury Bureau Policy Measures Briefing, implementing the framework for the declaration of crypto assets, promoting the automatic exchange of tax information on cross-border crypto asset transactions by 2028

The Hong Kong Legislative Council's Financial Affairs Committee announced that a briefing will be held on January 30, where the Hong Kong Financial Services and the Treasury Bureau will present policy measures. Secretary Hui Ching-yu, Deputy Secretary Chan Ho-lam, and others will attend. Relevant documents state: To promote the sustainable and healthy development of the digital asset industry in Hong Kong and further consolidate Hong Kong's position as an international financial center, legislative proposals will be submitted to the Legislative Council this year to implement revisions related to the crypto asset declaration framework and common reporting standards established by the Organisation for Economic Co-operation and Development. The goal is to automatically exchange tax information related to crypto asset transactions with other tax jurisdictions starting in 2028, in order to combat cross-border tax evasion and enhance international tax transparency. Public opinions are currently being collected on the legislative proposals.