Hui emphasized that expanding tax concessions to virtual assets aims to enhance market development, suggesting a broader appeal to institutional investors in Hong Kong.
The Secretary for Financial Services indicated that the government frequently receives inquiries about tax breaks for virtual assets, signaling growing interest in this sector.
Similarly, Hui mentioned that the possibility of new regulatory frameworks for stablecoin issuers and OTC trading services is intended to streamline and grow the crypto market.
The proposal includes a variety of investment types for tax concessions, demonstrating Hong Kong's commitment to attracting diverse financial innovations and securing its place in the fintech landscape.
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