Hong Kong Mulls Tax Incentives for Sophisticated Crypto Investors

Quick Summary:

The policy aims to support the development and investment of crypto as Hong Kong attempts to shape itself into a global digital assets hub.

The SFC did not immediately respond to Decrypt’s request for comment.“By embracing a broader scope of service regulation, we will be able to grow this market further,” he said.

In furthering that specific policy, Hui said the government will introduce stablecoin policy on the “products front” by the end of the year.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaChinaHong Kong

Topics: Law and Order Tax Securities and Futures Commission of Hong Kong Bybit policy update

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 05:43:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 23278923

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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