🔴Hong Kong plans to exempt funds dealing with cryptocurrencies, including hedge funds and tools for high-net-worth investors, from taxes. This initiative aims to solidify the city’s status as Asia’s financial and crypto hub.
🔴According to experts, these tax breaks will create favorable conditions for family offices and investors, who are already allocating up to 20% of their portfolios to digital assets. Meanwhile, the Trump administration is reportedly considering similar measures to support the crypto industry in the United States.
🔴Hong Kong is competing with Singapore and Luxembourg by offering tax incentives for private capital, overseas real estate, and carbon credits, attracting major crypto firms and investment capital.