Odaily Planet Daily reports that the Hong Kong government reaffirmed its intention to submit amendments to the virtual asset licensing bill 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 plan to submit a regulatory proposal for crypto assets by the end of 2026. The Hong Kong Monetary Authority (HKMA) has begun processing license applications from stablecoin issuers and issued its first stablecoin issuer licenses in April to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation. (Cointelegraph)