Paul Chan: Will issue the first batch of stablecoin issuer licenses in March and will submit a draft digital asset policy ordinance within the year.

SmartContractAuditor · 2026-02-25T04:20:31+00:00

Hong Kong Financial Secretary Paul Chan mentioned in the "2026 Financial Budget" that the government will submit a draft digital asset policy regulation, establish a licensing system, and promote digital asset trading and custodial services. Fiat-backed stablecoin issuers will receive their first licenses in March. The Securities and Futures Commission will safeguard investors, enhance market liquidity, and promote innovation.

SmartContractAuditor

2026-02-25 04:20:31

Abstract generation in progress

Odaily Planet Daily reports that Hong Kong Financial Secretary Paul Chan Mo-po stated in the 2026 Financial Budget that the government will submit a draft digital asset policy regulation within the year. The regulation will establish a licensing system for digital asset trading and custody service providers. Currently, Hong Kong has implemented a licensing system for fiat-backed stablecoin issuers, with the first licenses to be issued in March. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios under compliant and risk-controlled conditions. Paul Chan also mentioned that the Hong Kong Securities and Futures Commission will further promote liquidity in the digital asset market while ensuring investor protection, providing more products and services for professional investors, and establishing an accelerator to accelerate market innovation. (Jin10)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.