Hong Kong Lawmaker Says New Digital Asset Licensing Rules Could Pass by Year-End
- —New licensing regime will cover virtual asset trading and custody services
- —Bill to be submitted to the Legislative Council in H2 2026
- —Passage expected by year-end or early next year
- —Two licensed stablecoin issuers in Hong Kong are testing use cases
Why it matters: Clear licensing rules would strengthen Hong Kong's position as Asia's crypto hub amid US regulatory uncertainty.
Source: PANews