ChainCatcher news, according to Reuters, a consultation document from the Financial Services and Treasury Bureau proposed to expand the scope of capital gains tax exemptions to include overseas real estate, carbon emissions, private credit and cryptocurrencies.

These exemptions will apply to private equity funds and eligible single family office investment vehicles. Thursday's proposal further clarified Hong Kong's cryptocurrency plan.

However, if the proposal is advanced, it is unclear when the policy will take effect. Hong Kong did not immediately respond to a request for comment.