COINOTAG News (Sept 30) — Caixin reported the Hong Kong Inland Revenue Department clarified that buying, selling or transferring tokenized ETF shares or units on licensed digital-asset trading platforms or other Hong Kong platforms is exempt from stamp duty, removing a prior tax ambiguity for institutional and retail participants.

Hong Kong authorities are advancing a licensing mechanism for digital asset trading service providers and digital asset custody service providers, with related legislative proposals expected to be tabled to the Legislative Council next year to establish a formal regulatory framework.

Financial Secretary Paul Chan confirmed the rollout will prioritize a Hong Kong dollar stablecoin, and the first batch of licenses is planned for issuance in early 2026, providing clear compliance milestones for market infrastructure and participants.