Hong Kong Unveils Second Virtual Asset Policy Statement in 2025

Hong Kong’s financial landscape is set for a further evolution with the anticipated release of its second policy statement on virtual asset development by year-end. Acting Secretary for Financial Services and the Treasury, Joseph Chan, highlighted plans to explore how Hong Kong can leverage its traditional financial strengths in conjunction with technological advancements within the virtual assets sector. The initiative aims to bolster the security and adaptability of the local real economy while encouraging both domestic and international businesses to delve into innovative applications of virtual assets.