Hong Kong is moving forward with its regulatory framework for the virtual asset industry. According to reports, the Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) will introduce licensing requirements for virtual asset dealing and custody firms. This development expands the city's policy initiatives in the digital asset space. These initiatives already include a stablecoin licensing blueprint and guidance on tokenization. The move signals Hong Kong's continued efforts to establish itself as a hub for virtual assets by creating a regulated environment for digital asset businesses.

Hong Kong is moving forward with its regulatory framework for the virtual asset industry. According to reports, the Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) will introduce licensing requirements for virtual asset dealing and custody firms. This development expands the city's policy initiatives in the digital asset space. These initiatives already include a stablecoin licensing blueprint and guidance on tokenization. The move signals Hong Kong's continued efforts to establish itself as a hub for virtual assets by creating a regulated environment for digital asset businesses.