Hong Kong plans to exempt mature investors from cryptocurrency capital gains tax

ChainCatcher news, according to a Reuters report, a consultation document from the Financial Services and Treasury Bureau proposed to expand the scope of capital gains tax exemptions to include overseas properties, carbon emissions, private credit, and cryptocurrencies.

These exemptions would apply to private equity funds and qualifying single-family office investment vehicles. Thursday's proposal further clarified Hong Kong's cryptocurrency plans.

However, it remains unclear when the policy would take effect if the proposal moves forward. Hong Kong authorities did not immediately respond to requests for comment.