Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Small cap funds lead mutual fund performance; inflows hit one year high
    • Bitcoin price prediction: Here’s why Wall Street is dumping BTC ETFs
    • Direct stock investing vs mutual funds: What suits a young professional | Personal Finance
    • From investor onboarding to overseas investments: SEBI updates AIF rulebook
    • Mutual Fund investment: How was the month of May for equity Flexi Cap funds? Check winners and laggards
    • Wellington Buys Hartford Funds for $1.9 Billion in Expansion (1)
    • Fixed deposit investment: Should investors lock money in FDs offering 8% returns or consider bonds?
    • West Asia war slows mutual fund growth in GIFT City
    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

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026

    Commission to exempt green investments from EU spending rules – POLITICO

    June 3, 2026

    How to invest £50 a month: tips for people at different ages | Investments

    June 2, 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

    Small cap funds lead mutual fund performance; inflows hit one year high

    June 4, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Small cap funds lead mutual fund performance; inflows hit one year high

    June 4, 2026

    Small-cap mutual funds have staged a strong comeback in recent months amid market uncertainty, significantly…

    Bitcoin price prediction: Here’s why Wall Street is dumping BTC ETFs

    June 3, 2026

    Direct stock investing vs mutual funds: What suits a young professional | Personal Finance

    June 3, 2026

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    XRP ETFs from Franklin Templeton, Grayscale debut on NYSE Arca

    November 24, 2025

    SEC to allow mutual and private funds to invest in crypto ETFs

    October 11, 2024

    Nate Geraci Expects Spot Ethereum ETF Approval This Week

    July 15, 2024
    Our Picks

    Small cap funds lead mutual fund performance; inflows hit one year high

    June 4, 2026

    Bitcoin price prediction: Here’s why Wall Street is dumping BTC ETFs

    June 3, 2026

    Direct stock investing vs mutual funds: What suits a young professional | Personal Finance

    June 3, 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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