According to a press release from the Hong Kong Special Administrative Region Government, the Hong Kong government has indicated to the Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Effective Exchange of Information in Tax Matters (Global Forum) that Hong Kong is committed to implementing a crypto asset reporting framework (Reporting Framework) to enhance international tax transparency and combat cross-border tax evasion. Taking into account the latest timetable set by the Global Forum, the Hong Kong government initially plans to complete the required local legislative amendments by 2026 and to conduct the first automatic exchange of information under the reporting framework with relevant tax jurisdictions from 2028.