Cryptocurrency exchange reports and financial news outlets

Hong Kong Plans Crypto Tax Break for Hedge Funds, Private Equity Funds, and Billionaire Families

Nov 28, 2024, 05:25 AM

Hong Kong is set to implement a tax exemption for private equity funds, hedge funds, and investment vehicles associated with high-net-worth individuals. This initiative aims to attract more institutional investment in cryptocurrencies and other assets, reinforcing Hong Kong's position as a premier offshore finance hub. The Financial Times reports that the proposed measures will allow these funds to avoid taxes on gains derived from cryptocurrency investments and private credit, signaling a strategic move to enhance liquidity and investment activity in the region.