The Global Tax Net Tightens: CRS 2.0 Brings Crypto Assets Under Direct Scrutiny

The global tax transparency framework is undergoing a major expansion. CRS 2.0, now rolling out worldwide, will soon mandate reporting for crypto assets and central bank digital currencies. Hong Kong plans implementation by 2028, requiring exchanges and brokers to detail transactions. While mainland China hasn't set a timeline, tax authorities have begun notifying residents to declare foreign income, marking a new era of financial visibility.

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Midday Market Pulse: Key Developments in Crypto and Regulation

This report summarizes key crypto and financial developments for May 20th midday. It covers a public chain's futures launch on a U.S. platform, a major VC's new fund, U.S. government asset handling from a bankrupt exchange, and regulatory commentary from a former president, alongside a significant AI patent platform funding round.

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