Cc9f267dcClaimNews eventHong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026AgreeDisagree
Cc9f267dcClaimHong Kong officials introduced the Inland Revenue (Amendment) Bill 2026's reporting rules to strengthen the city's standing as an international financial center while accommodating crypto sector growthAgreeDisagree
Cc9f267dcClaimReporting crypto-asset service providers linked to or operating in Hong Kong must register, conduct customer due diligence, and file annual reports with the Inland Revenue DepartmentAgreeDisagree
Cc9f267dcClaimThe Inland Revenue (Amendment) Bill 2026 applies broadly to any service provider operating in Hong Kong meeting the definition of a reporting crypto-asset service provider (RCASP) without singling out specific platforms or tokensAgreeDisagree
Cc9f267dcClaimThe Hong Kong government adopted the OECD standards to prevent digital asset tax evasion following feedback from OECD peer reviewsAgreeDisagree
Cc9f267dcClaimThe Inland Revenue (Amendment) Bill 2026 amends Hong Kong's existing Common Reporting Standard provisions governing international financial account information sharingAgreeDisagree
Cc9f267dcClaimThe Inland Revenue (Amendment) Bill 2026 mandates transaction data collection for existing tax compliance without introducing any new crypto taxesAgreeDisagree
Cc9f267dcNews eventClaimDemocratic Party leader Kim Min-seok announced a proposed delay of South Korea's crypto income tax from 2027 to 2029AgreeDisagree
Cc9f267dcClaimWhile dozens of early-adopter countries began collecting crypto data in 2026 under the OECD's framework for a 2027 exchange, the United States is not scheduled to participate until 2029AgreeDisagree
Cc9f267dcClaimUnder current South Korean law, cryptocurrency gains above 2.5 million won are scheduled to face a 20 percent tax plus a 2 percent local levy starting January 1, 2027AgreeDisagree
Cc9f267dcClaimSouth Korean ruling party lawmakers stated that the country should enact South Korea's Digital Asset Basic Act to establish regulatory rules before implementing taxationAgreeDisagree
Cc9f267dcClaimSouth Korea's Finance Minister Lee Hyoung-il supported implementing the virtual asset income tax on its current schedule of January 1, 2027AgreeDisagree
Cc9f267dcClaimSouth Korea's ruling Democratic Party proposed delaying the implementation of a 22 percent tax on cryptocurrency gains from January 1, 2027 to 2029AgreeDisagree
Cc9f267dcClaimSouth Korea's presidential office discussed postponing the crypto income tax scheduled for January 2027 to 2029 to align with the United States' scheduled 2029 timeline for joining the OECD's Crypto-Asset Reporting FrameworkAgreeDisagree
Cc9f267dcClaimIf approved by the National Assembly, the Democratic Party's proposed delay to 2029 would mark the fourth postponement of South Korea's virtual asset tax since its initial legislation in 2020AgreeDisagree
Cc9f267dcClaimA rejection of Foris DAX HK Limited's Virtual Asset Trading Platform application by Hong Kong's Securities and Futures Commission could trigger a mandatory three-month wind-down of operationsAgreeDisagree
Cc9f267dcClaimHong Kong's Securities and Futures Commission has granted full virtual asset trading platform licenses to only a select number of operatorsAgreeDisagree
Cc9f267dcClaimCrypto.com notified Hong Kong customers affected by its consumer app shutdown via email that they must close accounts and withdraw funds prior to the February 1, 2027 cutoffAgreeDisagree
Cc9f267dcClaimCrypto.com cited evolving regulatory requirements in Hong Kong in emails sent to its local users regarding the shutdown of its Hong Kong consumer appAgreeDisagree
Cc9f267dcClaimCrypto.com stated that further instructions on account closures and support for orderly fund withdrawals related to its consumer app shutdown will be provided to Hong Kong users in the coming monthsAgreeDisagree