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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Securities Professionals Seek Regulatory Easing on Crypto Record-Keeping

Hong Kong Securities Professionals Seek Regulatory Easing on Crypto Record-Keeping

Author:
Global Cryptocurrency
Published:
2026-01-19 15:47:01
9
2
BTCCSquare news:

Hong Kong's Securities & Futures Professionals Association (HKSFPA) has voiced concerns over proposed amendments to the Crypto Asset Reporting Framework (CARF), urging regulators to adopt more flexible record-keeping requirements. While supporting the six-year retention period aligned with existing tax standards, the association opposes extending obligations to dissolved entities, citing operational and legal burdens.

The CARF, proposed by the OECD in December 2024, aims to facilitate cross-border tax information sharing for crypto asset holders by 2028. Market participants warn that rigid compliance rules could stifle innovation in Hong Kong's burgeoning digital asset sector.

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