The Hong Kong government has introduced a new policy for digital assets, reaffirming its commitment to becoming an international center for innovation in this sector.
Key Points of the New Policy
The new policy amplifies the measures outlined in the initial statement issued in October 2022. According to the new policy, Hong Kong aims to create a trusted and innovative digital asset ecosystem, focusing on risk management and investor protection.
Regulation and Licensing of Digital Asset Services
The government plans to establish a regulatory framework for digital asset service providers, including exchanges, stablecoin issuers, and others. The Securities and Futures Commission will lead the upcoming licensing regimes for DA dealing service providers. A legal review will also be conducted to allow the tokenization of real-world assets.
Partnerships and Talent Development in the DA Sector
Hong Kong is actively working on nurturing talent through partnerships with industry and academia. Such initiatives are expected to position the city as a center for knowledge-sharing and international cooperation, supporting talent development in the field of digital assets.
Hong Kong's new policy for digital assets represents a significant step towards creating a secure and sustainable ecosystem that supports financial technology development and real economy integration.
