Hong Kong officials double down on end-2026 deadline for crypto licensing bill
Hong Kong regulators plan to establish a licensing regime for four categories, including digital asset trading, custody, advisory and management services.
Hong Kong's government has reaffirmed its commitment to submit a licensing amendment bill before the end of 2026. The bill aims to establish regulatory frameworks for four categories of digital asset services, including trading, custody, advisory, and management. Christopher Hui, the Secretary for Financial Services and the Treasury, revealed this during a policy briefing on Monday.
The amendment bill will be introduced "within this year," according to Hui. The government's response to the rapid advancements in financial technology has prompted this move. In January, Hui announced that regulators were set to submit a draft proposal for crypto asset regulation before the year's end. The Hong Kong Monetary Authority (HKMA) has already started processing license applications for stablecoin issuers.
Anchorpoint Financial and the Hongkong and Shanghai Banking Corporation were among the first to receive these licenses in April.
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