Hong Kong continues its push towards developing the crypto industry, announcing new rules and initiatives aimed at supporting innovation in the financial sector.
Government Commitments
At the China Financial Summit Forum, Hong Kong representative Chan emphasized the government’s commitment to fostering a secure and innovative environment for the cryptocurrency industry.
New Regulations
Hong Kong has already implemented regulatory frameworks for digital asset trading platforms and stablecoin issuance, with new rules for custody services and over-the-counter trading currently under development.
Integration of Financial Services
Chan stated, "This upcoming policy statement will focus on how financial services and technological innovation can be better integrated." He also highlighted the importance of expanding the real-world applications of digital assets in Hong Kong.
Thus, the announcement of new rules demonstrates Hong Kong's intention to position itself as a global hub for virtual assets, balancing innovation with regulatory clarity.
