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Hong Kong to Submit Digital Asset Policy Ordinance, Issue First Fiat-Backed Stablecoin Licenses in March

Regulation & Policy

2026-05-10 03:55:39

According to Hong Kong's Financial Secretary Chan Mo-po in the 2026 Budget, the government will submit a digital asset policy ordinance draft this year to establish a licensing regime for digital asset trading and custody service providers. The first batch of fiat-backed stablecoin licenses will be issued in March. The Securities and Futures Commission will also promote market liquidity for professional investors and establish an accelerator to advance market innovation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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