Cryptocurrency in Hong Kong will require tax declaration after 2028

In the future, it is only a matter of time before mainland China imposes taxes on cryptocurrency trading. Just like this year's taxation on U.S. stocks defined as foreign income, which requires a 20% personal income tax, future cryptocurrency trading could similarly be defined as foreign input subject to a 20% personal income tax. Many people believe that paying taxes makes it legal, but that is a misunderstanding. U.S. stock trading is still officially banned by mainland regulatory authorities. Given the current financial difficulties in the country, anything could happen.