Hong Kong Sets Groundwork for Crypto Classification in 2026

Hong Kong is preparing a comprehensive regulatory framework for cryptocurrency, outlining classification rules by risk level and stablecoin licensing regime, effective from January 1, 2026. This initiative aligns with Basel standards and sets a foundation for financial stability in the city’s crypto market. The Hong Kong Monetary Authority (HKMA) will oversee these changes, with the Securities and Futures Commission (SFC) playing a crucial role in implementation.