Hong Kong Exempts Crypto Funds
This is a Hong Kong news story, published by CoinGape.
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crypto taxCoinGape
•Hong Kong plans to exempt crypto tax for private equity funds, hedge funds
72% Informative
Hong Kong plans to exempt crypto tax for private equity funds, hedge funds, and other investment vehicles for high-net individuals.
This move comes as it seeks to attract foreign capital and establish itself as a finance and cryptocurrency hub in the Asia region.
With tax incentives, it aims to rival global financial centers like Singapore and Luxembourg .
The proposed tax measures will bolster Hong Kong's appeal as a leading offshore financial hub.
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