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HK: Crypto exchanges
Hong Kong has passed a law requiring crypto exchanges to report customer transactions to tax authorities. The law will take effect in 2027, with information sharing starting in 2028. This move may impact crypto investors' privacy and tax obligations.
Hong Kong has passed a law that mandates crypto exchanges to collect customer and transaction data starting from 2027.
The collected information will be shared with overseas tax authorities from 2028, as part of Hong Kong's efforts to comply with international tax standards.
This development may have implications for crypto investors in terms of privacy and tax obligations, as their transaction data will be reported to tax authorities.
Source: coindesk.com
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