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Hassan Shittu

Hong Kong Crypto Firms Urge CARF Changes ahead of 2026 Laws, 2028 Data Sharing

Hong Kong’s crypto industry warns the OECD’s CARF rollout could burden local exchanges with complex data duties and steep penalties. A trade group’s submission seeks clarity on privacy, record-keeping after dissolution, and “per account” fines, while asking for APIs and flexibility on the five-month deadline. The city targets legislative amendments in 2026 and data exchange by 2028.
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