TechFlow, September 30 — According to a Caixin report, Hong Kong's Inland Revenue Department has clarified that trading or transferring tokenized ETF shares or units on licensed digital asset exchanges or other platforms in Hong Kong will be exempt from stamp duty. Meanwhile, Hong Kong is advancing licensing frameworks for digital asset trading service providers and digital asset custody service providers, aiming to submit the relevant legislative proposals to the Legislative Council for review next year following the December legislative election. Additionally, according to Financial Secretary Paul Chan, Hong Kong will first implement a Hong Kong dollar stablecoin, with the first batch of licenses expected to be issued as scheduled in early 2026.
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