In brief: Hong Kong’s Deputy Secretary for Financial Services and the Treasury: Tax concessions for funds and family offices will be expanded, with digital assets, precious metals, and other areas likely to be included.
The bearish news is already in the headline; now it’s a matter of seeing how the market digests it. Next, the main thing to watch is whether the parties involved share more details.
$BTC is currently at 75695.16, down 6.05% on the day. Continuing to monitor.