Hong Kong steps up his digital assets -push with a new policy routes designed to scale up innovation, regulations and acceptance.
On June 26, the Hong Kong government issued Policy statement 2.0 on the development of digital assets, describing the next phase of the regulatory strategy. The update, which builds on the framework that was initially introduced in 2022, introduces a new “Leap” framework that is designed to set up a trusted and innovation -driven digital assets ecosystem.
The initiative focuses on four important areas, including legal streamlining, the expansion of obedient products, promoting use cases, as well as people and the development of partnership.
An important pillar of the framework is the construction of uniform regulations and supporting tokenized real-world assets. Hong Kong is planning to set up a clear regime regime for Crypto exchanges, Stabilein -Emitents, Dealers and Bewers, with the Securities and Futures Commission (SFC) that supervises the license process.
At the same time, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority will lead a legal assessment to make the use of tokenized financial instruments, including bonds, possible to open new market opportunities and bring realistic assets to the chain.
In addition to the legal structure, the government also wants to grow the Tokenized Activamarkt. Plans include making tokenized government bonds more mainstream, clarifying tax treatment for Tokenized ETFs and enable their trade on recognized platforms. The updated policy will also extend tokenization to sectors such as gold, precious metals and renewable energy, which shows how blockchain can improve accessibility and liquidity in traditional markets.
Another core focus is encouraging adoption and industrial cooperation. Regulators will continue with the new Stablecoin License regime, set to launch on 1 August. In addition, new use cases will be tested for stablecoin use in daily situations, such as payments and financial services.
To support this, the government will promote cooperation between public agencies and players in the industry to help build the underlying infrastructure for digital assets.
In the field of talent, the policy outlines efforts to position Hong Kong as a research and educational hub for digital assets. Authorities are planning to collaborate with the academic world and the industry for joint programs, global cooperation and long -term development of personnel in the sector.
Hong Kong -Financial Secretary Paul Chan emphasized the importance of the policy upgrade and described it as a practical blueprint for stimulating the local digital assets scene.
“The policy statement 2.0 describes our vision of DA development and shows the practical use of tokenization through applying, with a view to stimulating the diversification of use cases, he said, adding that” the benefits will yield both the economy and society, while he said the leading position of Hong Kong.