Hong Kong has restated that it will submit amendments to its crypto-asset licensing bill by the end of 2026, setting out a licensing regime that would cover digital asset trading, custody, advisory, and management services. Christopher Hui, the city’s Secretary for Financial Services and the Treasury, said the amendments are intended to respond to developments in financial technology. Hui had already said in January that regulators were aiming to put forward a crypto regulatory proposal before the end of 2026. Separately, the Hong Kong Monetary Authority has begun processing license applications from stablecoin issuers. In April, it granted the first stablecoin issuer licenses to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation, according to the report cited by Odaily.
Hong Kong has reiterated that it will submit amendments to its crypto-asset licensing bill by the end of 2026, with the proposal set to establish a licensing regime covering digital asset trading, custody, advisory, and management services.
Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, said the amendments are meant to address developments in the financial technology sector. In January this year, Hui said regulators were planning to submit a crypto regulatory proposal by the end of 2026.
The Hong Kong Monetary Authority, or HKMA, has also started processing license applications from stablecoin issuers. In April, it issued the first stablecoin issuer licenses to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation. Odaily cited Cointelegraph in its report.
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