Hong Kong Broadens Crypto Press With Digital Possession Policy 2.0
Hong Kong releases Policy 2.0 to boost global leadership in digital asset regulation. Hong Kong has launched a new policy intended at reinforcing its leadership in the global digital asset (DA) space.
Hong Kong introduces Policy 2.0 to increase global leadership in digital possession regulation.LEAP structure targets legal clarity, tokenization, and industry-academic collaboration.New stablecoin licensing routine starts on August 1 to drive real-world crypto adoption.Hong Kong has actually launched a brand-new policy intended at enhancing its leadership in the worldwide digital possession (DA) area. Hong Kong authorities aim to streamline the legal environment for digital asset exchanges, stablecoin issuers, and custodians.
The Govt provides its “Policy Declaration 2.0 on the Development of #DigitalAssets in Hong Kong”, enhancing a dedication to developing Hong Kong as a global center for development in the digital property field #PaulChan #ChristopherHui https://t.co/TtP7wxDZSA
The Securities and Futures Commission (SFC) will lead brand-new licensing guidelines for DA trading and custody services. The objective is to link the genuine economy with digital innovation through accountable guideline and private-sector collaboration.Christopher Hui, Secretary for Financial Providers and the Treasury, stated Hong Kong is “distinctively located” to link conventional finance with the digital era.
