Hong Kong to Extend Tax Incentives for Crypto Investors

The end of year will see Hong Kong implementing a policy to extend tax incentives to family offices and private funds handling cryptocurrency investments for affluent clients.

Christopher Hui, Secretary for Financial Services and the Treasury in Hong Kong, stated that the Special Administrative Region of China aims to establish an ideal environment for blockchain and its financial applications.

During the FinTech Week in Hong Kong, Hui mentioned that the government has often been approached for incentives to nurture this sector.

The current tax incentives in Hong Kong are applicable to private funds and family investment entities that meet specific criteria and invest in designated fields.