Hong Kong aims to lead in the digital finance space with a new strategy focused on regulation and development of digital assets.
Refining Strategy for Crypto Growth
On June 26, the Hong Kong government released the updated Policy Statement 2.0 on the development of digital assets. The new plan reaffirms the city's commitment to becoming a global crypto and tokenisation hub, focusing on regulation, innovation, and adoption.
Tokenization Takes Priority
At the heart of the policy is a new framework called LEAP, which stands for Legal clarity, Expanding tokenised products, Advancing use cases, and People development. Hong Kong emphasizes the regular issuance of tokenised government bonds and encourages the tokenisation of various assets.
Creating a Knowledge Hub for Cryptocurrency
Hong Kong aspires to be a center for crypto expertise. Plans include fostering local talent through academic and industry partnerships and promoting international cooperation in digital finance.
With a clear strategy and regulatory backing, Hong Kong is signaling its readiness to lead the global shift in digital assets.
