"The Hong Kong government is considering a tax exemption for cryptocurrency investment income from private equity, hedge funds and family offices," the Financial Times (FT) reported, citing a proposal recently released by the Hong Kong government. According to the proposal, cryptocurrencies would be included in the existing tax exemption for financial investment income, and the Hong Kong government is holding a six-week consultation on the proposal. Patrick Yip, vice chairman of Deloitte China, said: "Some family offices in Hong Kong allocate 20% of their investment portfolio to cryptocurrencies. This is an important step in building Hong Kong's position as a financial and crypto hub," said Patrick Yip, vice chairman of Deloitte China.

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