2026-01-11 13:25:48

Regarding the rumors about exchanges starting data reporting in 2027, there is some confusion online, so let's clarify a few key points.

First, the facts: exchanges do need to report user trading data to countries that have signed the CARF agreement. However, this does not mean that users in all regions will be covered. Mainland China has not yet joined the CARF system, which means that data exchange will not involve domestic tax authorities for now. Mainland users are relatively safe in this regard.

Hong Kong users should pay attention. As a second batch of participants, Hong Kong plans to collect data in 2027 and start exchanges in 2028. If you hold a Hong Kong identity, the transparency of your trading information will be correspondingly increased.

Regarding the exchanges themselves, taking a leading platform as an example, it has already moved its operational center to Abu Dhabi, UAE, which is also a second batch of CARF signatory country. This means that ultimately, these platforms will be included in the data reporting framework, but the timeline is for exchange in 2028 rather than 2027.

To summarize: mainland users currently do not need to worry excessively about automatic data exchange, but policy environments can change rapidly. Staying updated with official announcements is the most prudent approach.

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GasFeeTherapist

· 14h ago

Mainland China has given up, huh? Hong Kong people need to hold on tight.

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CryptoFortuneTeller

· 01-11 13:55

Mainland users are really lucky, temporarily avoiding a disaster.

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CascadingDipBuyer

· 01-11 13:54

Mainland users are temporarily taking a break, Hong Kong residents need to be careful now.

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LiquidationWatcher

· 01-11 13:47

Mainland users are once again caught in the crossfire. Fortunately, we haven't been included for now, but there are too many uncertainties in this matter, and who knows when another complication might arise. --- How do Hong Kong users feel? By 2028, transparency will be implemented, and this is a bit uncomfortable. --- Wait, are all the exchanges moving to Abu Dhabi? Then what independence of operation is left? In the end, it still depends on arrangements. --- I just want to know if the policies will reverse again in the next two years. Given the current pace, there might be a different stance next year. --- A reliable approach is not to store too much on exchanges. Self-custody is always the safest solution. --- Mainland users can breathe a bit easier, but with this policy trend, who dares to say it won't change next year? Regulations are gradually tightening. --- So the key point is 2028. We'll see the situation then—whether to run early or continue holding, and settle accounts at that time.

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DYORMaster

· 01-11 13:45

Haha, mainland users have won another round Hong Kong friends should take it easy The UAE's cleverness—just move somewhere else and you can hide for two years The speed of policy changes is really unpredictable Let's see what new tricks will come out next year

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DAOTruant

· 01-11 13:43

Mainland users are temporarily winning by default, but don't sleep too soundly—policy changes can happen faster than flipping through a book.

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HodlOrRegret

· 01-11 13:39

Mainland users are secretly happy again; this wave is indeed stable. --- Hong Kong needs to handle things quickly; 2027 is coming really fast. --- Can moving the exchange to Abu Dhabi help you hide? Dream on. --- Speaking of policies, they are too unpredictable; who dares to say it will still be like today next year? --- Anyway, just keep an eye on official notices; don't believe wild rumors from unverified media. --- Mainland is temporarily safe, but don't be too optimistic; the wind can change at any time. --- Hong Kong users are really unlucky; they have to go through everything first. --- The relocation of the exchange is probably also out of helplessness. --- There will be nowhere to hide after 2028; this statement is a bit scary. --- The biggest fear is that policies change overnight; the current safe position may not be safe tomorrow.

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ConsensusDissenter

· 01-11 13:30

Mainland users are temporarily lying flat; Hong Kong friends need to pay attention It feels like another information chaos; you really need to carefully distinguish regions It's fortunate that China hasn't joined the CARF system, but policy directions can change at any time Moving exchanges to Abu Dhabi won't help either; it's just a matter of a few years' delay These platforms really know how to play; changing locations still requires data submission Continuously monitoring official notices should be the safest approach

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