Hong Kong Treasury Department: It is recommended to expand the eligible asset categories to include new virtual assets, etc.
the Financial Secretary and Treasury Bureau Secretary of Hong Kong, Paul Chan Mo-po, suggested expanding the eligible asset categories to align with the overall financial development strategy of the Treasury Bureau. This includes adding carbon emission derivative instruments/emission quotas, insurance-linked securities, loans and private debt investments, and virtual assets, among others, to enable tax exemption for trading such assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SingularityNET partners with Mina for privacy-focused decentralized AI
Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens
Crypto hackers steal $71M in November, bringing yearly total to $1.48B
Non-USD stablecoins can spur adoption: Report