Breaking: Hong Kong Plans To Follow Donald Trump To Exempt Crypto Tax

Quick Summary:

Hong Kong plans to exempt crypto tax for private equity funds, hedge funds, and other investment vehicles for high-net individuals (HNIs).

This move comes as it seeks to attract foreign capital and establish itself as a finance and cryptocurrency hub in the Asia region.

On the other hand, wealthy Chinese investors are setting up their wealth management funds outside China amid Xi Jinping restrictive policies.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaChinaHong KongItalySouth KoreaLuxembourgSingaporeSwitzerland

Topics: Donald trump Cryptocurrency tax 24/7 Cryptocurrency News Crypto tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 08:11:23 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23915605

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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