Hong Kong Targets Faster Virtual Asset Licensing, Broader
0Hong Kong
Regulation
Stablecoin
Intensifying regional competition and new global standards are prompting Hong Kong to develop the digital asset sector.
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Hongji Feng
Author
Hongji Feng
About Author
Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX,...
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Last updated:
July 30, 2025
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Key Takeaways:
International competition from Singapore and the U.S. could pressure Hong Kong to accelerate its regulatory adaptation.
Hong Kong’s digital asset expansion may depend on integrating cross‑border trade finance and infrastructure projects into tokenization frameworks.
Global standard‑setting bodies like FATF and IMF will influence how Hong Kong positions its stablecoin and tokenization initiatives.
Hong Kong will accelerate licensing for virtual asset platforms and expand tokenization efforts, according to a written reply by Secretary for Financial Services and the Treasury Christopher Hui at the Legislative Council on July 30.
The government said the Stablecoin Ordinance will take effect on August 1, completing the framework alongside the licensing regime for trading platforms launched in June 2023. It added that consultations on custody...
https://cryptonews.com/news/hong-kong-fast-tracks-virtual-asset-licensing-tokenization/
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