ChainCatcher News reports that according to the Hong Kong Government’s press release, Financial Secretary Paul Chan announced in his budget speech that to further attract family offices and funds to Hong Kong, the tax system will be optimized. Digital assets, precious metals, and other assets will be classified as eligible investments for tax concessions, with plans to implement this starting from the 2025/2026 tax year.
Additionally, over the next two years, Hong Kong will implement the OECD’s crypto asset reporting framework and the revised Common Reporting Standard (CRS) to enhance international tax transparency and combat cross-border tax evasion. The government expects to submit the draft amendments to the Inland Revenue Ordinance in the first half of the year. Paul Chan also stated that the Hong Kong government will continue issuing tokenized bonds regularly, and within this year, a digital asset platform will be established to support the issuance and settlement of digital bonds. The platform will gradually expand to include other digital assets and connect with other tokenization platforms within the region.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Senate Banking Committee Leader: The "Chief Prosecutor" in the Powell case has been replaced
Senate Banking Committee Republican Leader Tim Scott stated that the chief prosecutor investigating Federal Reserve Chairman Powell has been replaced. The investigation involves the renovation project of the Federal Reserve headquarters building and Powell's testimony, against the backdrop of interest rate policy conflicts between the Federal Reserve and President Trump. Meanwhile, Wash's Federal Reserve Chair nomination has been stalled due to the ongoing investigation.
GateNews5m ago
Joint Maritime Information Center: No conclusive evidence shows the presence of mines in the Strait of Hormuz
Gate News Announcement, on March 11, the Joint Maritime Information Center (JMIC) issued a statement on March 12 stating that there is currently no conclusive evidence indicating the presence of naval mines in the Strait of Hormuz (one of the world's most important oil transit routes).
GateNews11m ago
Iran Military: If Our Ports and Docks Are Threatened, All Ports and Docks in the Region Will Become Legitimate Targets
Gate News Report, March 11, an Iranian senior military spokesperson issued a statement saying that if Iran's ports and docks are threatened, all ports and docks in the region will become Iran's "legitimate targets."
GateNews19m ago
The first in the U.S.! Florida's "Stablecoin Bill" passes successfully, and the government will accept stablecoin payments
Florida passes the first stablecoin regulation bill in the United States, SB 314, bringing stablecoins into the money services regulatory framework and establishing their legal status. The law requires stablecoin issuers to comply with traditional financial standards and emphasizes consumer protection and anti-money laundering measures. This move aims to attract Web3 companies, enhance transparency of digital assets, and balance innovation with financial stability. The state government also plans to allow the use of stablecoins for paying state-level service fees, demonstrating the increasing legalization trend of digital assets.
区块客1h ago
Revealed: How Russian businessmen use cryptocurrencies and "zero cross-border settlements" to solve 40% exchange rate losses in trade with Iran?
Russian companies, in response to losses caused by Iran's dual exchange rate system, have developed cryptocurrency transfer, underground hawala exchanges, and internal settlement systems, successfully reducing export losses. However, after the outbreak of war in 2025, this financial system came to a complete halt, affecting cross-border transactions and logistics.
動區BlockTempo2h ago
Iran warns the United States could become embroiled in a long-term attrition war, claiming to have developed a plan to sink U.S. aircraft carriers
Deputy Commander of the Iranian Revolutionary Guard, Fadavi, stated that there are no U.S. ships within 700 kilometers of Iranian waters, implying that the U.S. has fled due to Iran's operational plans. Meanwhile, he warned that the U.S. could become involved in a prolonged attrition war, affecting the global economy. Additionally, Iran announced that it shot down a U.S. F-15 fighter jet south of Tehran.
GateNews2h ago
