Hong Kong to Submit Digital Asset Policy Ordinance, Issue First Fiat-Backed Stablecoin Licenses in March

According to Hong Kong’s Financial Secretary Chan Mo-po in the 2026 Budget, the government will submit a digital asset policy ordinance draft this year to establish a licensing regime for digital asset trading and custody service providers. The first batch of fiat-backed stablecoin licenses will be issued in March. The Securities and Futures Commission will also promote market liquidity for professional investors and establish an accelerator to advance market innovation.

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