【Hong Kong Commits to Implementing Cryptocurrency Asset Reporting Framework, Aims to Complete Necessary Local Legislative Amendments by 2026 or Earlier】According to a report by Golden Finance, the Hong Kong Special Administrative Region Government has communicated to the Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) that Hong Kong is committed to implementing a cryptocurrency asset reporting framework (reporting framework) to enhance international tax transparency and combat cross-border tax evasion activities. In light of the latest timeline established by the Global Forum, the Hong Kong government plans to complete the necessary local legislative amendments by 2026 or earlier, and to commence the first automatic information exchange under the reporting framework with relevant tax jurisdictions starting from 2028.