Hong Kong: Public consultation on proposed implementation of CARF and CRS 2.0
The consultation closes February 6, 2026.
The government in December 2025 published a consultation paper on implementation of the OECD’s new cryptoasset reporting framework (CARF) and related amendments to the common reporting standard (CRS 2.0) within Hong Kong’s domestic framework.
The consultation closes February 6, 2026.
The government plans to complete the necessary legislative amendments in 2026 to enable the CARF rules to be effective from 2027 and the additional CRS2.0 due diligence requirements to be applicable from 2028, respectively.
Read a January 2026 report prepared by the KPMG member firm in Hong Kong