Hong Kong's Stamp Duty Amendment Boosts RMB Trading

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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RMB Trading Facilitation: The proposed amendment to Hong Kong's stamp duty will allow stamp duty on dual-counter securities to be paid directly in RMB, which is expected to enhance trading volume and liquidity of RMB, thereby strengthening Hong Kong's position as a hub for digital asset and ETF trading.
Positive Market Response: The first reading of the new bill is scheduled for June 10, aiming to simplify the RMB securities trading process by eliminating the need to pay stamp duty in HKD, which is anticipated to attract more investors to participate in RMB-denominated transactions.
ETF Market Expansion: Dual-counter securities in Hong Kong are already utilized in the Bitcoin and Ether ETF markets, and this reform is expected to stimulate demand for RMB-denominated channels, particularly appealing to mainland investors.
Stamp Duty Reform Impact: The first stamp duty amendment passed in May 2026 raised the duty on high-end residential properties to 6.5%, projected to generate an additional HK$1 billion in annual revenue for the government, reflecting Hong Kong's proactive adjustments in tax policy.

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Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	66854.446	69683.468	72421.956	75250.978	77989.466	80818.488	83556.976
Fibonacci	69683.468	71810.257	73124.189	75250.978	77377.767	78691.699	80818.488

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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