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.
Author
Jacob Lazurek
Coinpaprika
In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.
