Hong Kong Financial Services and the Treasury Bureau Secretary, Xu Zhengyu: The Stablecoin Licensing Regime Will Propel Hong Kong to Become Asia's Digital Asset Hub

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, 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 regime for stablecoin issuers in August to promote substantive application development. He introduced the "Hong Kong Digital Asset Development Policy Declaration 2.0," which proposes the "LEAP" framework, covering regulatory optimization, product expansion, scenario advancement, and talent development, supporting Hong Kong in building a trustworthy and sustainable digital asset ecosystem. [ChainCatcher]