Hong Kong avança com o quadro de declaração de ativos criptográficos, a associação recomenda simplificar o processo de conformidade

【币界】Hong Kong regulatory authorities have taken new steps. The Hong Kong Securities and Futures Professionals Association recently submitted comments to the relevant authorities regarding the Crypto Asset Reporting Framework (CARF) and CRS amendments. The association’s stance is very clear: support mandatory registration for RCASP and RFI, aligning with OECD standards and strengthening Hong Kong’s position as an international financial center.

However, the association also considers the pressures on small and medium-sized institutions. For those “zero declaration” entities, the association recommends introducing simplified or lightweight registration and reporting mechanisms, which can significantly reduce compliance costs for businesses. Regarding penalties, the association favors administrative fines over criminal prosecution, a approach that better meets industry needs.

Of particular interest is the technical solution. The association supports a “dual declaration” default model for CARF and CRS, which can reduce system complexity and minimize the risk of underreporting. Additionally, the association specifically calls on regulators to provide API reporting interfaces, facilitating automated compliance for large crypto institutions, which is of great significance for improving overall industry efficiency.