Hong Kong Releases Policy Statement 2.0 to Cement Role in Digital Assets Leadership
The post Hong Kong Releases Policy Statement 2.0 to Cement Role in Digital Assets Leadership appeared on BitcoinEthereumNews.com.
TLDR: Hong Kong to license stablecoin issuers under new rules effective August 1, 2025. LEAP framework to guide crypto platforms, custodians, and tokenized asset development. City plans to issue tokenized ETFs and streamline stamp duty rules for secondary trading. Government funds blockchain pilots through Cyberport to drive real-world crypto use. Hong Kong has unveiled a fresh blueprint to advance its digital asset ecosystem and strengthen its standing in global finance. The government released “Policy Statement 2.0 on the Development of Digital Assets in Hong Kong” on June 26. It outlines a detailed plan to balance innovation with investor protection while unlocking real-world use cases. This follows the city’s first digital asset policy announcement in 2022. Authorities aim to position Hong Kong as a secure and progressive hub for digital finance. Hong Kong Updates Crypto and Stablecoin Regulatory Framework The updated framework introduces the “LEAP” model to shape the digital asset market. It begins by tightening legal structures for digital asset platforms, including stablecoins and custodians. The Securities and Futures Commission (SFC) will lead new licensing rules for digital asset dealers and custodians. Meanwhile, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority will review legal standards for tokenized assets. This legal streamlining includes asset registration, settlements, and transaction record-keeping. Stablecoin issuers will also face new licensing requirements starting August 1, creating a path for compliant real-world applications. According to the government, the changes will encourage clarity and improve market integrity. The Govt issues its “Policy Statement 2.0 on the Development of #DigitalAssets in Hong Kong”, reinforcing a commitment to establishing Hong Kong as a global hub for innovation in the digital asset field #PaulChan #ChristopherHui https://t.co/TtP7wxDZSA — Hong Kong SAR Government News (@newsgovhk) June 26, 2025 Besides regulatory updates, Hong Kong plans to boost the…
Filed under: News - @ June 26, 2025 10:28 am