virtual-asset – Charm

Hong Kong’s virtual asset sector considered for taxation under policy review

6 months ago02 mins

A new government committee tasked with reviewing Hong Kong’s tax policies will consider updating them to allow for levies on the virtual asset sector and selected emerging industries, while providing incentives to attract business and investment, the South China Morning Post has learned. The SCMP learned of the development on Wednesday as experts called for…

2 arrested in Hong Kong over laundering HK$1.15 billion in case involving stablecoin

Cs news1 year ago02 mins

Hong Kong customs officers have arrested two men who allegedly smuggled cash out of the city and made suspicious transactions, including with a popular stablecoin, to launder HK$1.15 billion (US$146.5 million). A Customs and Excise Department spokesman said on Tuesday that an investigation into the pair found they had smuggled cash out of the city….