CROWDFUNDINSIDER · 2026-11-05 13:36 UTC

Hong Kong Passes Law Requiring Crypto Service Providers to Track Customer Trades from 2027

Hong Kong's Legislative Council approved a law on November 4, 2026 requiring crypto service providers to track and report customer trades starting January 1, 2027. Providers must collect customer identifying and transaction data, register with the Inland Revenue Department, and maintain records for six years; automatic exchanges of this data with partner tax authorities begin in 2028. The law incorporates OECD standards and expands to include digital money products and crypto-linked derivatives, with penalties for non-compliance including administrative and criminal fines.

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