Hong Kong Financial Secretary Paul Chan: The licensing system for stablecoins will help Hong Kong become the digital asset hub of Asia
ChainCatcher news, according to Zhitong Finance, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated at the "Hong Kong Digital Finance Awards 2025" that Hong Kong is building a comprehensive regulatory framework for digital assets and will officially implement a licensing system for stablecoin issuers in August to promote substantive application development.He introduced that the "Hong Kong Digital Asset Development Policy Declaration 2.0" proposes the "LEAP" framework, which covers regulatory optimization, product expansion, scenario promotion, and talent development, supporting Hong Kong in building a trustworthy and sustainable digital asset ecosystem.