Crypto-Friendly Hong Kong Offers Tax Exemptions to Attract Hedge Funds and Family Offices

Quick Summary:

Hong Kong has recently announced a bold move to strengthen its position as a global financial hub, particularly in the cryptocurrency sector.

Citing official estimates, Reuters reported that the city hosts over 2,700 single-family offices, more than half overseeing assets exceeding $50 million.

According to the Bureau, taxation remains a “crucial factor” for wealth and asset managers when determining where to establish their operations.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryChinaHong Kong

Topics: Hong Kong Crypto Tax Crypto Crypto tax Crypto News Cryptocurrency Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 09:00:27 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23941199

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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