An official said that Hong Kong authorities would work on a draft framework, and had begun processing license applications for stablecoin issuers and addressing crypto taxes.
Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said local financial regulators are planning to submit a draft framework related to digital assets sometime in 2026.
In comments prepared for a Friday policy briefing of the Hong Kong Legislative Council’s Finance Committee, Hui said the Financial Services and the Treasury Bureau and Securities and Futures Commission planned to submit a draft ordinance related to regulations for providers offering crypto advisory services. He added that the two regulators were consulting the public after releasing a digital asset consultation paper in December.
In addition, Hui said that the Hong Kong Monetary Authority (HKMA) had begun processing license applications for stablecoin issuers and would address reporting digital assets on taxes.
