Hong Kong to submit bill on virtual asset licensing regime in 2026, officials say at FinTech Week forum

Hong Kong to submit bill on virtual asset licensing regime in 2026, officials say at FinTech Week forum

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News Editor
2026-11-04 04:55:55
Hong Kong officials used the main forum of Hong Kong FinTech Week x StartmeupHK 2026 to lay out the city’s next regulatory and market-development priorities for digital assets, artificial intelligence and tokenization. According to an official Hong Kong government news release cited by ChainCatcher, the forum concluded on Nov. 3 at the Hong Kong Convention and Exhibition Centre. Christopher Hui Ching-yu’s deputy, Joseph H. L. Chan, deputy secretary for financial services and the treasury, said regulatory certainty is critical to innovation. Under the direction of the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, the government plans to establish licensing regimes covering virtual asset trading, custody, advisory and management services, and submit an amendment bill to the Legislative Council in 2026. At a panel session, Securities and Futures Commission Chief Executive Officer Julia Leung outlined the regulator’s strategic vision. She said artificial intelligence and tokenization can support the development of Hong Kong’s financial markets, while investor protection and market integrity must be preserved. Leung also said the industry needs stronger cyber resilience as AI-related threats intensify. On tokenization, she said scale will depend on integrating it into market operations to improve efficiency, accessibility, liquidity and settlement speed. Hong Kong Monetary Authority Chief Executive Eddie Yue said the city is well placed to capture new growth opportunities from fintech, citing progress under Fintech 2030.

Hong Kong FinTech Week x StartmeupHK 2026’s main forum concluded on Nov. 3 at the Hong Kong Convention and Exhibition Centre, according to an official Hong Kong government news release cited by ChainCatcher.

Government maps out 2026 legislative plan for virtual asset licensing

Joseph H. L. Chan, deputy secretary for financial services and the treasury, said certainty is critical for innovation. He said that under the direction of the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, the government will establish licensing regimes for virtual asset trading, custody, advisory and management services.

He added: 「Certainty is crucial to innovation. Under the direction of the Hong Kong Digital Asset Development Policy Statement 2, we will establish licensing regimes for virtual asset trading, custody, advisory and management services, and submit an amendment bill to the Legislative Council in 2026 to clarify the compliance path for the market.」

SFC highlights AI, tokenization and cyber resilience

During a panel discussion, Securities and Futures Commission Chief Executive Officer Julia Leung set out the regulator’s strategic vision. She said artificial intelligence and tokenization can support the development of Hong Kong’s financial markets, but investor protection and market integrity must be maintained at the same time.

Leung also said the industry needs to strengthen cyber resilience as AI-related threats become more severe.

On tokenization, she said the key to achieving real scale is to integrate it into market operations so it can deliver tangible benefits through better efficiency, accessibility, liquidity and settlement speed.

HKMA says Hong Kong is positioned for fintech growth

Hong Kong Monetary Authority Chief Executive Eddie Yue said Hong Kong has the advantages needed to capture new growth opportunities created by fintech.

He said progress under Fintech 2030 will allow banks and fintech companies to make more effective use of data, artificial intelligence, tokenization and other emerging technologies.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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