Hong Kong Introduces Digital Asset Regulations: Licensing & Framework Developments

Hong Kong is taking concrete steps towards a regulated cryptocurrency landscape, as announced by its Financial Secretary, Paul Chan. At the 2025 Caixin Summer Summit, he revealed that licensing systems for digital asset trading platforms and stablecoin issuance have been implemented. Additionally, regulatory frameworks for custody services and over-the-counter (OTC) trading are in development. Chan also confirmed that Hong Kong will release a second policy declaration this month focusing on integrating financial services with innovation and expanding the application scenarios for digital assets within the region.