Hong Kong Plans Tax Breaks for Crypto Investments and More Licenses for Trading Platforms
Hong Kong’s authorities is ready to increase tax concessions to incorporate crypto investments by the top of this yr.
Hong Kong’s authorities is ready to increase tax concessions to incorporate crypto investments by the top of this yr.
He expressed optimism that new licenses could be issued inside the subsequent few months, constructing on the licensing regime initiated in June 2023.
Chan additionally highlighted the Hong Kong Financial Authority’s plans to introduce laws associated to stablecoins, following the launch of a regulatory sandbox for stablecoin tasks in March.
Moreover, the federal government is reviewing rules for over-the-counter buying and selling and plans to provoke a second spherical of public session subsequent yr.
This session will precede the introduction of a licensing framework for crypto custodian service suppliers.
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