Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • NS&I Premium Bonds statement issued as rate changes announced
    • XRP Price: XRP ETFs Snapped Their Longest Inflow Streak of 2026 as Price Slips Below $1.40
    • 5 Best Closed-End Funds for 2026 | Investing
    • Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth | Mutual Fund Performance
    • Property Buzz: Market uncertainty? Just go back to the basics
    • Best Mutual Funds in India: Top 5 Mid Cap Mutual Funds With More than 20% Returns in 5 Yrs
    • Bank of India Small Cap Fund Performance 2026: Smart Investment Opportunity or Peak Cycle Risk? – Money Insights News
    • Investing In Mutual Fund SIPs? What A Scheme Information Document Can Tell You
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»Hong Kong Plans Tax Breaks for Crypto Investments and More Licenses for Trading Platforms
    Investments

    Hong Kong Plans Tax Breaks for Crypto Investments and More Licenses for Trading Platforms

    October 28, 2024


    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.

    Christopher Hui, Secretary for Financial Services and the Treasury, announced this initiative during his speech at Hong Kong Fintech Week. The extension aims to cover privately offered funds and family offices, with the intention of stimulating market development in the region.
    In addition to tax breaks, Hong Kong regulators are also working to approve more licenses for crypto trading platforms. Paul Chan, the city’s financial secretary, noted that the Securities and Futures Commission is currently evaluating applications from various crypto asset trading platforms.

    He expressed optimism that new licenses would be issued within the next few months, building on the licensing regime initiated in June 2023.

    To date, the Hong Kong government has granted licenses to three exchanges: OSL Exchange, HashKey Exchange and HKVAX. The move to enhance licensing comes as part of a broader strategy to welcome crypto firms into the city.

    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.

    This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
    This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
    The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    New free financial advice plan aims to help Britons build savings | Investments

    May 1, 2026

    India Grounds $6.1 Billion Investments Across 14 States in FY26, Over 31,000 Jobs Expected

    April 30, 2026

    Aberdeen Investments appoints head of multi asset and alts

    April 30, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    XRP Price: XRP ETFs Snapped Their Longest Inflow Streak of 2026 as Price Slips Below $1.40

    May 2, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Bonds

    NS&I Premium Bonds statement issued as rate changes announced

    May 2, 2026

    The provider recently made major changes to the rules for Premium BondsNS&I recently made some…

    XRP Price: XRP ETFs Snapped Their Longest Inflow Streak of 2026 as Price Slips Below $1.40

    May 2, 2026

    5 Best Closed-End Funds for 2026 | Investing

    May 2, 2026

    Kotak Nifty Financial Services Ex-Bank Index Fund Direct Growth | Mutual Fund Performance

    May 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    ‘Google was lured away’ – Cong claims its Karnataka does not coerce investments – India News

    October 28, 2025

    $1.3M in opioid settlement funds to address ‘one of the most urgent public health challenges’ in Bay County

    November 20, 2025

    Leveraged ETFs: What Are They and How Do They Work?

    June 4, 2023
    Our Picks

    NS&I Premium Bonds statement issued as rate changes announced

    May 2, 2026

    XRP Price: XRP ETFs Snapped Their Longest Inflow Streak of 2026 as Price Slips Below $1.40

    May 2, 2026

    5 Best Closed-End Funds for 2026 | Investing

    May 2, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.