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Greenland vs Hong Kong

Crypto regulation comparison

← Back to map | Greenland | Hong Kong
Greenland

Greenland

Hong Kong

Hong Kong

No Data
Legal

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Hong Kong has positioned itself as a major crypto hub in Asia with a comprehensive licensing regime. The SFC implemented a mandatory licensing framework for virtual asset trading platforms (VATPs) effective June 2023. Hong Kong has no capital gains tax, making it attractive for crypto investors and businesses.

Tax Type Unclear
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator SFC (Securities and Futures Commission), HKMA
Stablecoin Rules -
Stablecoin Rules HKMA developing a licensing regime for stablecoin issuers under a 2024 bill
Key Points

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Key Points
  • Mandatory VATP licensing regime under the AMLO effective June 1, 2023
  • No capital gains tax in Hong Kong; profits tax applies only to business profits
  • SFC approved spot Bitcoin and Ether ETFs for retail investors in April 2024
  • HKMA consulting on stablecoin issuer licensing under a dedicated bill
  • Hong Kong actively competes with Singapore as Asia's leading crypto hub
Sources

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Sources