🔴 What is the recent hot topic of "taxing cryptocurrency trading" all about? Recently, the Hong Kong government announced through a government gazette that authorities are consulting on the implementation of the Economic Cooperation and Development Organization (OECD) Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS). It pointed out that since 2018, Hong Kong has been automatically exchanging financial account information with partner tax jurisdictions annually according to the OECD's Common Reporting Standard, allowing relevant tax authorities to use this information for tax assessments and to investigate and combat tax evasion. The future goal is to automatically exchange tax-related information on cryptocurrency transactions with relevant partner tax jurisdictions starting in 2028, and to implement the revised version of the CRS rules starting in 2029. "Is taxing cryptocurrency trading becoming a reality?" The market has begun to discuss this extensively. If Hong Kong reports, will mainland China also report? Will there be back taxes on cryptocurrency trading in the future? Speedily send this to understand 🧐: