Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 472
    CryptoNewsSponsored Article

    Time to Load Your Wallet: MoonBull Sets Sights on 1000x Crypto, While Official Trump and Bonk Stir Up the Bulls

    Ever felt like you’re chasing the penguins sliding across the ice while…

    By
    Benedikt Krüger
    September 22, 2025
    Metaplanet Targets 210,000 BTC by 2027 After Massive $632M Buy
    MarketCryptoNews
    Metaplanet Targets 210,000 BTC by 2027 After Massive $632M Buy
    September 22, 2025
    Hunter Horsley Predicts Explosive Growth for Crypto Credit by 2026
    NewsCryptoMarket
    Hunter Horsley Predicts Explosive Growth for Crypto Credit by 2026
    September 22, 2025
    SEC DeFi Lending Regulations 2025 Will Clear Rules Keep Innovation in the U.S.
    NewsCryptoMarket
    SEC DeFi Lending Regulations 2025: Will Clear Rules Keep Innovation in the U.S.?
    September 22, 2025
    Solana Price Nears $250 Resistance as CME Prepares Options Launch
    NewsCryptoMarket
    Solana Price Nears $250 Resistance as CME Prepares Options Launch
    September 22, 2025
  • Cryptocurrency
    image 472
    Time to Load Your Wallet: MoonBull Sets Sights on 1000x Crypto, While Official Trump and Bonk Stir Up the Bulls
    9 Min Read
    Metaplanet Targets 210,000 BTC by 2027 After Massive $632M Buy
    Metaplanet Targets 210,000 BTC by 2027 After Massive $632M Buy
    5 Min Read
    Hunter Horsley Predicts Explosive Growth for Crypto Credit by 2026
    Hunter Horsley Predicts Explosive Growth for Crypto Credit by 2026
    7 Min Read
    SEC DeFi Lending Regulations 2025 Will Clear Rules Keep Innovation in the U.S.
    SEC DeFi Lending Regulations 2025: Will Clear Rules Keep Innovation in the U.S.?
    6 Min Read
    Solana Price Nears $250 Resistance as CME Prepares Options Launch
    Solana Price Nears $250 Resistance as CME Prepares Options Launch
    7 Min Read
    Stablecoin adoption
    Tether Adoption in Bolivia Surges as Toyota, Yamaha, and BYD Accept Stablecoin
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Hong Kong Leads Crypto Innovation with New Trading Rules and Tax Breaks
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Hong Kong Leads Crypto Innovation with New Trading Rules and Tax Breaks
News

Hong Kong Leads Crypto Innovation with New Trading Rules and Tax Breaks

Hong Kong Leads Crypto Innovation with New Trading Rules and Tax Breaks
Hong Kong Leads Crypto Innovation with New Trading Rules and Tax Breaks
Maxwell Mutuma
Last updated: October 28, 2024 1:18 pm
By
Maxwell Mutuma
Published October 28, 2024
5 Min Read
Share

In the crypto space, Hong Kong is accelerating and moving to regulate crypto trading, stablecoins, and virtual asset custody. At the opening of Hong Kong Fintech Week, officials laid out a sweeping regulatory agenda to encompass digital assets, including regulations for stablecoins by this year and discussions next year on asset custody. The Treasury has pledged to increase structured virtual asset oversight by 2025 when it will review that which covers over-the-counter (OTC) crypto trading venues.

Contents
  • Hong Kong Eyes Tax Incentives for Crypto Investment
  • Hong Kong Expands Digital Finance with Tokenized Assets

With rising virtual asset adoption, the Securities and Futures Commission (SFC) is keen on younger crypto traders, which differs significantly from the traditional stock trading demographic. While stock traders are over 40 on average, according to SFC officials, crypto traders are usually in their twenties, an indicator of generational turnover. The SFC has already licensed three virtual asset trading platforms to further this interest, and there are 14 more applications in process, indicating the rising tide of interest in Hong Kong’s fast-growing crypto environment.

The SFC’s regulatory approach applies the ‘same risks, same rules’ principle to mitigate risks while allowing regulated entities to grow. Pending applicants are inspected to ensure platforms meet the SFC’s exacting standards before granting restricted operation licenses. Virtual asset trading platforms also must receive third-party reviews for unrestricted licenses under the SFC’s strengthened regulatory framework.

Hong Kong Eyes Tax Incentives for Crypto Investment

The Hong Kong government also considers tax incentives to encourage more private credit and virtual asset investment. Under its unified fund regime, there are tax exemptions for certain classes of assets (e.g., shares managed by privately offered funds or family-owned investment holding vehicles). The government wants to extend these exemptions to private credit and crypto virtual assets and give crypto holders new fiscal advantages.

 

Tax Hong

They also align with Hong Kong’s objective to expand these incentives to attract increasingly sophisticated digital asset investors and enhance Hong Kong’s standing as a financial centre. Treasury hopes to create a favourable environment to attract investments from global and local family offices to channel their assets. While the city is planning these tax breaks, it’s also positioned itself as a destination for elite investors looking for an innovative but regulated place for virtual assets.

This tax strategy is expected to bring sophisticated investors to Hong Kong’s regulated virtual asset market and help fuel the sustainable growth of the local financial ecosystem. These incentives are expected to ensure Hong Kong remains at the forefront of virtual asset investment and attract investors seeking more certainty in the ever-changing regulatory environment.

 

Hong Kong Expands Digital Finance with Tokenized Assets

Project Ensemble — the workforce CBDC and its digital assets initiative — is a flagship of the HKMA as it rapidly progresses tokenization. The interbank settlement of tokenized deposits and tokenizing of other financial assets are significant steps in the 2030 digital agenda for Hong Kong, which Project Ensemble supports. One of those roles, according to HKMA CEO Eddie Yue, involves its role in developing tokenized asset classes, especially for investment and electronic bills of lading (eBLs).

kong kong

Tokenizing eBLs via Ant’s blockchain collaborates with Global Shipping Business Network to streamline trade and logistics, and Project Ensemble has already started. The financial infrastructure of Hong Kong will be advanced by tokenization, and the HKMA foresees traction from investors that will gravitate towards its creation. Project Ensemble launches a sandbox with various tokenization use cases in a controlled environment to present extraordinary financial solutions.

 

HKMA’s latest initiatives aim to support the city’s progress in the virtual asset market and address regulatory challenges related to virtual asset regulators. Project Ensemble builds on Hong Kong’s resolve to lead the way in digital finance and develop a robust framework for tokenization across multiple sectors. The SFC’s licensing progress and the Treasury’s tax incentives constitute Hong Kong’s strategic pursuit of a mature virtual asset ecosystem.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

VanEck’s BNB ETF Could Unlock Institutional Access to Binance

SLERF Stays Steady, Doginme Rebounds – MoonBull’s Whitelist Hype Makes It the Best New Meme Coin for Serious Investors

New Regulators to Transform the Face of Europe Crypto Regulation 2024

Bitcoin Poised for Big Moves? Jamie Coutts Warns Investors to “Be Ready”

XRP Coin Re-Listed on This Exchange! What You Need to Know

TAGGED:CBDCHong KongRegulation

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMaxwell Mutuma
Follow:
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
Previous Article wallet qubetics 2024 Blockchain Highlights: Qubetics’ $1.5M Milestone, Solana’s Recent Surge, and Gara Coin’s Financial Strength
Next Article How Donald Trump Enjoys a Clear Edge Over Kamala Harris Amid Crypto Industry’s Growing Influence in US Elections 2024 How Donald Trump Enjoys a Clear Edge Over Kamala Harris Amid Crypto Industry’s Growing Influence in US Elections 2024
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English