Chan Maobo: Submit the draft of digital asset policy regulations within the year, and issue the first batch of stablecoin licenses in March.

2026-02-25 04:25:17

Mars Finance reports that Financial Secretary Paul Chan Mo-po stated in the 2026 Budget that the government will submit a draft digital asset policy regulation within the year, establishing a licensing system for digital asset trading and custody service providers. Hong Kong has already implemented a licensing system for fiat-backed stablecoin issuers, with the first licenses to be issued in March. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios while ensuring compliance and risk control.

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