Hong Kong Lawmaker Urges Shift From Crypto Rules to Product Development
- —Chiu outlined a 'PIC' strategy: Product, Infrastructure & Interoperability, and Connect
- —Priority products include stablecoins, tokenized deposits, tokenized bonds and RWA
- —The SFC and Financial Services Bureau finished consultations on regulating crypto advisory and asset management
- —A bill on advisory and asset management rules is planned for the Legislative Council in 2026
Why it matters: Hong Kong could become a hub for tokenized product issuance and draw capital from mainland China and Asia.
Source: TokenPost