TechFlow news: On June 27, according to Hong Kong’s Ming Pao newspaper, Legislative Council member Dr. Kan Wai-man revealed that the “2026 Inland Revenue (Amendment) (Automatic Exchange of Information) Bill” was passed by the Legislative Council last week, and the draft legislation implementing the Crypto-Asset Reporting Framework (CARF) has entered the deliberation stage. Dr. Kan stated that between 2018 and 2025, the Hong Kong government has recovered over HK$100 million in taxes and penalties, and an additional approximately 8,000 financial institutions are expected to be required to register mandatorily.
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