According to BlockBeats, on November 29, Reuters reported that a consultation document from the Financial Services and Treasury Bureau proposed expanding the scope of capital gains tax exemptions to include overseas real estate, carbon emissions, private credit and cryptocurrencies.
The exemptions would apply to private equity funds and qualifying single-family office investment vehicles.Thursday’s proposals provide further clarity on Hong Kong’s cryptocurrency plans.
However, it is unclear when the policy would take effect if the proposal goes forward. Hong Kong did not immediately respond to a request for comment.
