News with the tag "Hong Kong Crypto Proposal"

Hong Kong is gearing up to roll out a special licensing system for cryptocurrency-to-fiat exchanges. This move aims to make the city an attractive destination for virtual asset investments thanks to its favorable tax policies. What sets Hong Kong apart is its lack of capital gains tax on cryptocurre...

A growing number of hedge fund companies are strategically utilizing their Hong Kong subsidiaries to navigate the complexities of the cryptocurrency market, particularly in the development of Bitcoin exchange-traded funds (ETFs). Recent reports from the Securities Times shed light on this trend, rev...