Hong Kong passes law requiring crypto exchanges to report customer transactions to tax authorities
Summary
Hong Kong has approved new legislation that mandates digital asset platforms to collect client and transfer records starting in 2027. Additionally, the territory will begin sharing this financial data with international tax agencies the following year.
Crypto firms must collect customer and transaction data from 2027, with Hong Kong sharing the information with overseas tax authorities from 2028.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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