News list for " Media Ta Kung Pao"
Wu Jinduo, a doctor of economics, wrote in the Hong Kong media Ta Kung Pao that the measurement of the value of cryptocurrencies is still measured by the US dollar. As a means of payment that is different from the traditional decentralized means, it is a supplement to the traditional fiat payment function. From this perspective, cryptocurrencies have some of the monetary attributes and characteristics of the US dollar.
The Hong Kong Association of Banks wrote an article in the Hong Kong media Ta Kung Pao, "Digital Banks Join the Web 3.0 Wave", revealing that Hong Kong digital banks have completed more than 100 "fintech regulatory sandbox" tests through the HKMA in the past four years, accounting for more than 40% of the total sandbox test cases. In addition, individual Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and some digital banks have the ability to act a...
According to Hong Kong media Ta Kung Pao, Hong Kong's investment in virtual assets will not be subject to asset value-added tax, which is a very attractive point for global investors. For example, in Japan and Australia, although the virtual asset market was expanded earlier than Hong Kong, both Japan and Australia need to pay asset value-added tax. The relevant tax will be included in the comprehensive tax rate calculation. In Japan and Australia, the comprehensive tax rate can be as high as 50...
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