Hong Kong to Implement Comprehensive Crypto Licensing Framework by End of 2026
- The Hong Kong government plans to submit an amendment bill for a licensing regime covering digital asset trading, custody, advisory, and management services.
- Secretary Christopher Hui announced this initiative during a policy briefing, emphasizing the response to innovative developments in financial technology.
- The amendment bill is expected to be submitted within this year as part of broader regulatory efforts for digital assets.
- The Hong Kong Monetary Authority (HKMA) has started processing license applications for stablecoin issuers, having already granted licenses to two entities in April.
This move aims to create a structured framework for stablecoin and other digital asset activities, aligning with global trends in financial regulation.
With the amendment bill set for submission by the end of the year, Hong Kong is taking significant steps toward formalizing its approach to digital asset regulation.(Source)
