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
Israel Defense Minister Says Removing Enriched Uranium from Iran Is Precondition for Ending Conflict
Israeli Defense Minister Katz announced that Israel's military actions, including the "12-Day War" against Iran in 2025, have dismantled Iran's nuclear program. The U.S. and Israel demand the removal of enriched uranium as a condition to cease regional military operations.
GateNews5h ago
IMF cuts its 2026 global economic growth forecast to 3.1%, with Middle East hostilities being the main drag
Gate News message, April 14, the International Monetary Fund (IMF) released its latest edition of the World Economic Outlook report, lowering its forecast for global economic growth in 2026 by 0.2 percentage points to 3.1%. The report notes that the fighting in the Middle East has significantly affected the current momentum of global economic growth. If the fighting and high oil prices continue for longer, this year global economic growth will fall to 2.5% or even lower.
GateNews7h ago
Nauru appoints crypto entrepreneur Dadvan Yousuf as Commissioner for International Trade, driving a digital asset strategy
Nauru appoints cryptocurrency entrepreneur Dadvan Yousuf as its Commissioner for International Trade to advance a digital asset strategy, attract global investment, strengthen cooperation with virtual service providers and technology companies, and help position Nauru as a virtual asset hub.
GateNews10h ago
Reuters: The U.S.-Iran delegation will hold talks in Pakistan later this week
Gate News message, April 14, Reuters reported, citing sources, that U.S. and Iranian delegations will hold talks in Islamabad, the capital of Pakistan, later this week.
GateNews13h ago
Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP
Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.
MarketWhisper14h ago
U.S. banks question the White House’s stablecoin yield report, concerned about the risk of deposit outflows
U.S. banks are questioning a White House stablecoin yield report, arguing that it overlooks the impact of stablecoins on deposit outflows, which could lead to higher financing costs and reduced local lending. The two sides are currently negotiating an agreement on the Senate bill, and a ban on paying stablecoin interest is the focus of the dispute.
GateNews15h ago
