$ETH

Hong Kong adds a new flavour to its crypto game!

In a bold move to outdo rivals like Singapore and Switzerland, the city is proposing tax breaks on crypto profits for hedge funds and private equity.

The six-week consultation aims to attract global liquidity and boost its digital economy. High volume means .

- Competing with financial centres, Hong Kong’s open-ended fund structure is gaining traction and attracting everyone.

- The tax break could position Hong Kong as a leading offshore financial centre.

Meanwhile, the city’s largest digital bank, ZA Bank, is entering the crypto world, allowing users to trade Bitcoin and Ethereum.

What do you think? Share your thoughts below!