Bitcoin News Today TheBitTimes.com

1. Hong Kong’s Weekly News 1.1 Hong Kong Considers Tax Incentives for Crypto Investments link Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, announced at Hong Kong Fintech Week that virtual assets are being included in a new proposed tax incentive policy. This initiative aims to provide tax benefits for a range of asset types, including virtual assets, real estate, emissions derivatives, insurance-linked securities, interests in non-corporate private entities, and private credit investments. Hui noted that the tax incentives will primarily target institutional investors, although he did not elaborate on the specific details or requirements of the policy. 1.2 HKEX to Launch Virtual Asset Index Series link On November 15, the Hong Kong Stock Exchange (HKEX) will launch the HKEX Virtual Asset Index Series, providing a reliable benchmark price for the virtual asset category. This index series will offer transparent and dependable benchmark pricing for Bitco...

In addition to “smart accounts” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi. Account abstraction , also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys. Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a strong expansion in Asia this year. “More dApps are improving UX for the Asian market, including introducing Asian language support,” she said. Shi added this expansion is primarily being driven by the introduction of zero knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic rollups. The two rollups are layer-2 scaling solutions with zkEVM offering developers security, scaling and direct compatibility with Ethereum smart contracts. Shi believes the development of account abstra...