We have learned the latest information from the Japanese tax authorities. Regarding the synchronization of user data from a certain leading exchange to the Global Tax Information Exchange Framework, it is indeed not a rumor—the framework has been confirmed, involving 48 countries and regions. It is worth noting that mainland China is not included, but Singapore, Canada, South Korea, the Cayman Islands, and Hong Kong are all part of it.

When will this system be implemented? It officially takes effect on January 1, 2026. The key date to remember is: by April 30, 2027, relevant users need to complete their tax declarations and payments. For traders with accounts in these countries and regions, this means account information, transaction records, and other data will be synchronized with local tax authorities, and the era of anonymous trading is essentially coming to an end.