Regulation· ★★★★· bullish·

Hong Kong moves settlement and digital asset licensing on-chain

  • HKMA to move CMU settlement fully on-chain, 24/7, by end of year
  • Platform to support digital Hong Kong dollar and CBDC
  • SFC to introduce new licensing regime and rules for tokenized products
  • SFC to deploy CrypTech surveillance and AI across oversight systems
Why it matters: Hong Kong is building full on-chain infrastructure for stablecoins and RWAs, sharpening its competition with Singapore and Dubai for institutional crypto capital.
Source: Cryptopolitan