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

According to Jinshi reports, the Financial Secretary Paul Chan stated in the "2026 Budget" that the government will submit a draft digital asset policy bill within the year, establishing a licensing system for service providers involved in digital asset trading and custody.

Hong Kong has implemented a licensing system for fiat-backed stablecoin issuers, with the first batch of licenses to be issued in March. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios under compliance and manageable risk conditions.