Edward Yau: The first batch of stablecoin issuance licenses were issued in March, and a draft of the digital asset policy regulation will be submitted within the year

BlockBeats News, February 25th. Hong Kong Financial Secretary Paul Chan Mo-po stated in the "Budget for 2026" that the government will submit a draft digital asset regulation bill within the year to establish a licensing system for service providers offering digital asset trading and custody services. Currently, Hong Kong has implemented a licensing regime for fiat-backed stablecoin issuers, with the first batch of licenses set to be issued in March. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios in compliance and risk-controlled environments.

Paul Chan mentioned that the Hong Kong Securities and Futures Commission will also further promote liquidity in the Hong Kong digital asset market while ensuring investor protection, providing more products and services to professional investors, and establishing an accelerator to expedite market innovation. (Jinse)