🌏 Asia-Pacific
Crypto & taxes in Hong Kong
- Crypto capital gains (individuals)
- No capital gains tax (0%)
- When it becomes taxable
- If habitual trading/business: profits tax up to 17%
- Regulator
- SFC (VASP/VATP) + HKMA (stablecoins)
- Stablecoins
- Stablecoins Ordinance in force since Aug 2025
Crypto regulation
Hong Kong regulates virtual-asset trading platforms through the Securities and Futures Commission (SFC), with the VASP/VATP licensing regime in force since 1 June 2023 (AML/CFT, custody, governance, KYC). Stablecoins are instead supervised by the Hong Kong Monetary Authority (HKMA) under the Stablecoins Ordinance, effective from August 2025 with the first licences in 2026.
Taxation
Hong Kong has no capital gains tax: gains from crypto held as a long-term investment are taxed at 0% for individuals. Where the activity instead amounts to habitual trading or a business, profits can fall under profits tax at rates up to 17%, under the territorial source principle.
Useful information
For long-term resident investors the regime is among the most favourable worldwide (0% on capital gains). It is best to use only SFC-licensed platforms and to document the investment nature of holdings to avoid falling under profits tax as a trader.