**Hong Kong Eyes Crypto Tax Breaks to Boost Financial Hub Status**

Hong Kong is proposing tax exemptions on cryptocurrency gains for hedge funds, private equity, and family investment vehicles. This move aims to position the city as a leading crypto financial hub, competing with Singapore and Switzerland. The proposal, open for a six-week consultation, also includes tax breaks for private credit and overseas property investments. If approved, it could significantly impact Hong Kong's digital economy by attracting global liquidity. Meanwhile, ZA Bank, Hong Kong's largest digital bank, has launched a new crypto service, allowing users to trade Bitcoin and Ether directly.