Is buying cryptocurrency legal in Hong Kong? Compared with selling Bitcoin, there is little fraud risk associated with buying. Unfortunately Bitcoin still does not have the legal status in Hong Kong that it deserves, and banks are reluctant to deal with companies and individuals associated with Bitcoin.
Is crypto regulated in Hong Kong? Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.
How do you use crypto in Hong Kong?
- Sign up for the Crypto.com app and complete the KYC verification.
- Purchase CRO tokens and deposit them into your Crypto Wallet in the app (no action required if you’ve purchased CRO directly from the app)
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.