Hong Kong Eliminates Crypto Capital Gains Tax for Hedge Funds to Become Global Crypto Hub

24 posts • OpenAI (o1)

Updated Nov 28, 2024, 04:09 PM

Hong Kong is planning to eliminate capital gains taxes on cryptocurrencies, including Bitcoin, for hedge funds, private equity funds, and investment vehicles of billionaire families, according to the Financial Times. This move aims to attract asset management companies and high-net-worth investors by creating a favorable tax environment, positioning Hong Kong as a premier offshore finance hub and global crypto hub. The proposed tax exemptions are part of the government's strategy to compete with other financial centers like Singapore.

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Sources

ft.com(4)reuters.com

Decentra Suze

@DecentraSuze

Hong Kong to eliminate capital gains tax on bitcoin for hedge funds and family offices in a bid to become a global financial hub. Major influx of capital expected. #Bitcoin #GameTheory https://t.co/8jRskkr0rL

Crypto Briefing

@Crypto_Briefing

Hong Kong plans crypto tax exemptions for hedge funds and private investors https://t.co/dKNJcS36BG

Crypto Town Hall

@Crypto_TownHall

HONG KONG TO CUT CRYPTO TAXES FOR HEDGE FUNDS AND PE Hong Kong's government is shaking up the crypto scene by unveiling plans to slash taxes for hedge funds and private equity firms. This move is aimed at boosting the city’s appeal as a crypto hub and drawing in more… https://t.co/oM84NjIlIQ

Story Timeline

7 months ago•Latest version

Hong Kong to Eliminate Capital Gains Tax on Crypto for Hedge Funds, Private Equity Firms

7 months ago

Hong Kong Eliminates Crypto Capital Gains Tax for Hedge Funds to Become Global Crypto Hub

7 months ago

Hong Kong Eliminates Crypto Capital Gains Tax for Hedge Funds and Family Offices to Become Global Crypto Hub

7 months ago•Original version

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

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Hong Kong Eliminates Crypto Capital Gains Tax for Hedge Funds to Become Global Crypto Hub

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