Hong Kong Securities and Futures Commission announces three new virtual asset regulatory measures, stablecoin license to be implemented in March, crypto regulation further upgraded
Written by: Glendon, Techub News
As the global cryptocurrency market remains sluggish and the US crypto legislation process stalls, Hong Kong is steadily advancing its virtual asset policy implementation.
Yesterday, at Consensus 2026, Hong Kong SAR Chief Executive John Lee stated that Hong Kong is actively building itself into a global digital asset innovation hub. The Hong Kong government released the Digital Asset Development Policy Declaration 2.0 in June last year, and in August, it implemented the Stablecoin Ordinance, establishing a licensing system for fiat-backed stablecoin issuers. Currently, the Hong Kong Monetary Authority is processing related applications, with the first batch of stablecoin issuer licenses expected to be issued next month.
The enactment of the Stablecoin Ordinance marks Hong Kong as the first jurisdiction in the world to establish a comprehensive regulatory framework for fiat-pegged stablecoins. The upcoming issuance of the first licenses,
TechubNews·02-12 08:57


