ME News reports that on October 6 (UTC+8), the Hong Kong government reaffirmed its plan to submit amendments to the virtual asset licensing legislation by the end of 2026, establishing a licensing regime covering digital asset trading, custody, advisory, and management services. Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, stated that the amendments will address developments in the fintech sector. In January, Christopher Hui disclosed that regulators intended to submit proposals for virtual asset regulation by the end of 2026. The Hong Kong Monetary Authority (HKMA) has already begun processing license applications from stablecoin issuers and issued the first two stablecoin issuer licenses in April to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation. (Source: BlockBeats)
The Hong Kong Government Reaffirms the 2026 Deadline for Amending the Crypto Licensing Bill
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Summary
On October 6, 2026, Hong Kong reaffirmed its intention to submit the amendment to the crypto licensing bill by year-end. The update will encompass licensing requirements for trading, custody, advisory, and asset management services. CFT requirements will be integrated into the licensing framework. Financial Secretary Christopher Hui stated that the move aligns with the growth of fintech. In January 2026, Hui announced the regulator’s plan. The HKMA has processed stablecoin license applications and granted the first two to Anchorpoint Financial and HSBC in April.
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