CandleFocus Hong Kong Considering Tax Concessions for Crypto Investments
2024-10-28
Author: Content Editor
During Hong Kong Fintech Week, the city's Secretary for Financial Services and the Treasury, Christopher Hui, revealed that virtual assets may be included in a new set of tax concessions. This proposal aims to provide tax breaks to institutional investors and expand the availability of tax concessions to a wider range of assets. Hui did not provide specific details on the tax breaks, but stated that the government receives frequent requests for such concessions. Additionally, Hui mentioned that regulatory updates for stablecoin issuers, OTC trading services, and custodians are also being worked on to further develop the crypto industry in Hong Kong.
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