The Hong Kong Institute of Certified Public Accountants is set to release new accounting and auditing standards for virtual assets in the first half of 2025, in line with the Chief Executive's policy to foster economic growth through innovation.
The Hong Kong Institute of Certified Public Accountants (HKICPA) announced that it will release accounting and auditing guidelines for virtual assets in early 2025. This decision follows the Chief Executive’s Policy Address and aims to promote digital asset market growth. The guidelines will also complement other initiatives, such as enhancing the patent box regime and fostering IP trading to strengthen local innovation.