Hong Kong Sees Surge in Virtual Asset ETF Applications
Spot ETFs surge in Hong Kong post-US approval, heralding potential growth. Regulatory adaptation key for sustainable development.
Huang BoSpot ETFs surge in Hong Kong post-US approval, heralding potential growth. Regulatory adaptation key for sustainable development.
Huang BoThe income derived from individuals purchasing players' virtual currencies through the Internet and selling them to others at a markup is taxable income for personal income tax, and personal income tax should be calculated and paid according to the "Income from Property Transfer" item!
JinseFinanceAs of now, the SFC has not approved any virtual asset spot ETFs, and the industry requires time for preparations.
AlexThis article caused an uproar among friends in the industry. They were not only worried that their income would be reduced due to paying taxes in the future, but also worried that the tax bureau would conduct tax audits on previous income.
JinseFinanceThe Chinese government emphasises that theft of digital collections constitutes a breach of protection laws and infringes upon the legal interests associated with the unauthorised acquisition of computer information system data.
KikyoRoughly 8.5% of the African country's population owns cryptocurrencies, according to a United Nations report.
OthersAt this year's Hong Kong Fintech Week, the Hong Kong Special Administrative Region Government issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong" (hereinafter referred to as the Policy Declaration), expounding its policy stance and guidelines for the development of the virtual asset industry and ecosystem.
CointelegraphThe Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years.
CointelegraphNew York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.
Cointelegraph