Hong Kong Group Seeks Lighter Touch on OECD's Crypto Tax Transparency Rules
The Hong Kong Securities & Futures Professionals Association is advocating for a more lenient implementation of the OECD's Crypto-Asset Reporting Framework (CARF). While supporting enhanced tax transparency in the crypto sector, the association is pushing for less stringent treatment and more adaptable record-keeping practices. The development reflects ongoing discussions surrounding the regulatory landscape for digital assets and the balance between compliance and industry needs.
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