Hong Kong’s government is set to expand tax concessions to include crypto investments by the end of this year.
Hong Kong’s government is set to expand tax concessions to include crypto investments by the end of this year.
He expressed optimism that new licenses would be issued within the next few months, building on the licensing regime initiated in June 2023.
Chan also highlighted the Hong Kong Monetary Authority’s plans to introduce legislation related to stablecoins, following the launch of a regulatory sandbox for stablecoin projects in March.
Furthermore, the government is reviewing regulations for over-the-counter trading and plans to initiate a second round of public consultation next year.
This consultation will precede the introduction of a licensing framework for crypto custodian service providers.
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