Hong Kong has adopted a law requiring crypto exchanges to collect customer transaction data starting in 2027. This information will be shared with overseas tax authorities from 2028, under the OECD’s Crypto-Asset Reporting Framework. The measure aims to strengthen cross-border tax transparency and align the digital asset market’s regulation with international standards. According to the article, the development has affected market sentiment, with the probability of Hyperliquid reaching $100 by December 31, 2026, falling from 51% to 46% in 24 hours. Compliance strategies announced by major exchanges and further market reactions will be key factors to monitor.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
