Hong Kong To Follow Trump’s Lead on Crypto Tax Exemptions
Hong Kong government is considering a crypto tax exemption for equity and hedge funds in response to the strong industry push after Donald Trump’s victory. Hong Kong has announced plans to exempt cryptocurrency taxes for private equity funds, hedge funds, and other investment vehicles aimed at high-net-worth individuals (HNIs). This initiative is part of the region’s […]
HKEX Introduces Digital Asset Index Amid Hong Kong’s Crypto Licensing Expansion
HKEX’s new index series will provide a single reference price for Bitcoin and Ether, aligning with Asia-Pacific trading hours, and intends to increase transparency in the digital asset market. Hong Kong Exchanges and Clearing (HKEX), a global exchange group listed on public markets, recently announced the launch of a digital asset index series aimed at […]
Hong Kong Adopts dual-track AI Policy in Finance
The FSTB emphasized a “dual-track approach” to foster AI development while addressing associated challenges. The Hong Kong Financial Services and Treasury Bureau (FSTB) has developed standards for the financial services industry that prioritize efficiency, security, and customer service to guarantee the responsible use of artificial intelligence. On October 28th, the Financial Services and Treasury Board […]
ZA Bank Approved for Crypto Trading Services in Hong Kong
ZA Bank is Hong Kong’s first digital-only bank after gaining a Securities and Futures Commission license for Type 1 regulated business. A ZA Bank representative reportedly told the Hong Kong news portal HKEJ on September 30 that the bank has been permitted by the China Securities Regulatory Commission to amend its Type 1 license to […]
Hong Kong Prepares to Issue AI Guidelines for Finance Sector
Reports indicate that the Hong Kong government will establish policies regarding using artificial intelligence (AI) in the financial sector by the conclusion of October. Hong Kong authorities intend to enhance the utilization of AI in the traditional trading, investment banking, and cryptocurrency markets by implementing new policies. The Financial Services and the Treasury Bureau (FSTB) […]