Hong Kong is planning to introduce tax incentives for family offices and private funds that invest in cryptocurrency on behalf of wealthy clients. This move is part of the region's efforts to create a favorable environment for blockchain and financial applications. Hong Kong already offers tax incentives for certain privately offered funds and family investment vehicles, and the new policy aims to support the development and investment of cryptocurrency into regulated products. In addition to tax incentives, Hong Kong is also working on regulating stablecoins and custodians, and consulting stakeholders on over-the-counter crypto trading.
- Content Editor ( decrypt.co )
- 2024-10-28
Hong Kong Mulls Tax Incentives for Sophisticated Crypto Investors