Hong Kong Treasury Secretary: Hong Kong's stablecoin licensing system will be implemented next month to strengthen the construction of the digital asset ecosystem

Odaily News At the "Hong Kong Digital Finance Awards 2025", the Secretary for Financial Services and the Treasury of Hong Kong, Paul Hui, said that the licensing system for stablecoin issuers will be officially implemented next month, marking the further improvement of Hong Kong's digital asset regulatory framework. The four pillars of "LEAP" proposed in the "Hong Kong Digital Asset Development Policy Declaration 2.0" are also being promoted simultaneously, including legal supervision optimization, tokenization product expansion, cross-border application scenario development and talent cooperation, aiming to accelerate Hong Kong to become a reliable and sustainable Asian digital asset center. (Zhitong Finance)