Together with the Hong Kong government’s virtual asset declaration last year, the listing of the ETF, which is linked to virtual asset prices, as well as the hosting of the Web3 Innovator Summit, the regulatory authorities’ support for the industry’s development and the possibility of regulation over the industry are affirmed. HKB Fund Services recently held a seminar on Hong Kong’s virtual asset management opportunities and prospects, invited Ms. Evy Wong, Principle Partner of CWK Global’s Tax and Advisory Department, Ms. Fiona Fong, Financial Services Partner of Deacons, Mr. Louie Lee, Founder and Managing Director of Prosynergy Consulting Limited and Mr. Hung, Vice President of HKB Fund Services to be the speakers.
The seminar covered several important topics, including preparation of the issuance of virtual asset funds in Hong Kong, tax relief on UFE and attached benefits, tax implications of virtual asset funds, regulatory frameworks of virtual assets, mainstream virtual asset fund structure comparison, and compliance operation requirements, which providing industry professionals with the latest information on the virtual asset industry.
