Digital Nomad

Hong Kong’s New Crypto-Asset Reporting Framework: What Digital Nomads Need to Know

Hong Kong is rolling out legislation to require crypto-asset service providers to report user transactions—effective 2027-2028—affecting digital nomads, expatriates, and anyone using crypto under Hong Kong regulation.

By NomadicTax Research Team • 5-8 min read • September 16, 2026

## What is the New Framework? Hong Kong has introduced the **Crypto-Asset Reporting Framework & the Revised Common Reporting Standard (CRS)**. The proposed legislation was gazetted in May 2026 and introduced to the Legislative Council in June 2026. Once passed, it obliges crypto-asset service providers to register, perform due diligence, and annually report transactions by users. The framework comes into force in two stages: **from 1 January 2027**, providers must fulfill registration, due-diligence and reporting obligations; full automatic exchange of tax data begins **1 January 2028**. ([ird.gov.hk](https://www.ird.gov.hk/chs/tax/dta_carf.htm?utm_source=openai))