Hong Kong sharpens crypto strategy with new regulatory push
|Hong Kong is stepping up efforts to become a global crypto hub with fresh rules focused on investor safety and tokenized finance.
Hong Kong has unveiled its second major digital asset policy, reinforcing its goal to lead the global crypto space. The new framework will be managed by the Securities and Futures Commission and will regulate exchanges, custodians, stablecoins, and service providers. Public consultations for licensing will begin soon, signaling a strong regulatory commitment.
The government is also targeting real-world asset (RWA) tokenization, reviewing how to apply these innovations to bonds and other financial products. Financial Secretary Paul Chan emphasized the importance of expanding use cases and improving practical applications.
Since 2022, Hong Kong has steadily built its crypto credentials. In December, four exchanges were licensed, and from August 1, stablecoin issuers will also need licenses. The government also plans to normalize tokenized bond issuances and support trading of tokenized ETFs, helping boost liquidity and access.
As global interest in crypto surges, with regions like the EU, U.K., and South Korea launching similar frameworks, Hong Kong’s push aligns with a broader trend to integrate crypto into mainstream finance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.