Can you trade crypto in Hong Kong? Hong Kong-based users can trade with each others and use a variety of payment methods including bank wires and deposits, gift cards, Alipay and PayMe. XanPool XanPool allows you to easily buy and sell Bitcoin in Hong Kong and Singapore using PayMe. Funds are not held in custody by the exchange.
Is crypto taxable in Hong Kong? If the crypto is not considered to be held on capital account, any gain on eventual sale will only be taxable if the gains are Hong Kong sourced. This is not only relevant for ICO issuers but all taxpayers who purchase and sell crypto, but all owners of crypto who trade for their own account.
Which country has no tax on Cryptocurrency? Portugal is one of the best places in the world to live if you want to avoid paying crypto taxes. Since 2018, all proceeds from selling crypto are tax free. Crypto trading isn’t considered investment income either. Provided you’re not a business, your crypto is also exempt from VAT and income tax in Portugal.
Is mining legal in Hong Kong? Hong Kong Cryptocurrency Mining Laws & Regulations
Cryptocurrency mining in Hong Kong is not an illegal activity, but may rather be regulated under data centre laws if the activity is conducted on a large scale.