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Hong Kong plans to exempt mature investors from cryptocurrency income tax
On November 29, according to Reuters, a consultation document from the Financial Service and the Treasury proposed to expand the scope of capital gains tax exemptions to include overseas properties, carbon emissions allowances, personal loans, and Crypto Assets. These exemptions will apply to private sale funds and eligible single-family office investment vehicles. Thursday's proposal further clarified Hong Kong's Crypto Assets plan. However, it is not clear when the policy will take effect if the proposal is pushed forward. There was no immediate response from the Hong Kong side to the request for comment.