Paul Chan: Issued the first batch of stablecoin issuer licenses in March, and will submit a draft of digital asset policy regulations within the year.

CycleProphet · 2026-02-25T04:11:08+00:00

Hong Kong Financial Secretary Paul Chan announced in the 2026 fiscal budget that a draft digital asset policy regulation will be submitted within the year, implementing a licensing system to promote the development of the digital asset market, enhance liquidity, and protect investors.

CycleProphet

2026-02-25 04:11:08

Abstract generation in progress

Deep Tide TechFlow News, February 25 — According to Jin10 Data, 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, establishing 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 compliance and manageable risk conditions. Paul Chan also mentioned that the Hong Kong Securities and Futures Commission will further promote liquidity in Hong Kong’s digital asset market while ensuring investor protection, providing more products and services for professional investors, and establishing an accelerator to accelerate market innovation.

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