The Suqian court disclosed an online pyramid scheme case in the name of investing in virtual currency financial management projects. The alleged offender created the "ACORNS" network platform, and in the absence of actual business projects, he issued "ACO" and other virtual currencies, and promoted that the virtual currency could participate in financial management to obtain high returns as bait, requiring members to pay 100 USDT for financial management as a threshold to obtain static income. 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...
OSL Group Chief Financial Officer Hu Zhenbang said in a recent interview that Hong Kong has great advantages in exploring the virtual asset market, including low tax rates, a clear legal system, and perfect investor protection. Hong Kong banks are open-minded, and many Chinese banks welcome these institutions that specialize in investing in virtual assets to open accounts. In addition, Hong Kong's investment in virtual assets will not be subject to asset value-added tax, which is very attractive...