Hong Kong to Introduce New Virtual Asset Policy Framework by End-2025

Hong Kong to Introduce New Virtual Asset Policy Framework by End-2025
фото показано с : cryptoninjas.net

2025-4-9 19:04

Key Takeaways:

Hong Kong will introduce a new policy framework for virtual assets (VA) by the end of 2025. The new framework reflects a growing focus on achieving a balance between innovation, financial security, and investor protection. The initiative covers tokenization, stablecoins, decentralized finance (DeFi), and over-the-counter (OTC) trading. The authorities are poised to launch public consultations and closely monitor market developments. The move positions Hong Kong as a cautious yet forward-looking player in the international digital asset market.

Hong Kong announced that it will launch an upgraded policy framework for virtual assets (VAs) by the end of 2025. The step, which was announced by the Financial Services and the Treasury Bureau (FSTB), is aimed at bringing more regulatory clarity, market confidence, and responsible innovation to the fast-evolving virtual asset market.

The step comes after Hong Kong’s ongoing effort to balance financial innovation with risk containment, particularly as global attention to digital assets keeps increasing.

The Financial Secretary, Mr Paul Chan, speaks at the Hong Kong Web3 Festival

A Detailed Analysis of VA Development

The FSTB outlined its forward-looking policy in a written reply to the Legislative Council that the Hong Kong government will consider the whole virtual asset ecosystem, such as stablecoins, tokenized real-world assets (RWA), decentralized finance (DeFi), and OTC trading.

Under this strategy, the city will:

Carry out detailed research and stakeholder engagement; Monitor technological advancements and market trends; Introduce public consultations to seek industry and consumer input; Develop customized regulatory responses in line with international best practice.

This comprehensive review illustrates that the government has recognized that the VA ecosystem is no longer niche or speculative, but increasingly interconnected with mainstream financial services and retail investor demand.

Stablecoins and DeFi in Focus

Two areas flagged for additional regulatory attention are stablecoins and decentralized finance (DeFi). Stablecoins — tethered to fiat currencies or commodities — have drawn global regulatory attention following high-profile failures like TerraUSD. Hong Kong has already indicated fiat-referenced stablecoins (FRS) have to be fully backed by high-quality, liquid assets, and issuers will require a license to operate.

DeFi, however, poses another challenge. While its decentralization opens up new financial possibilities, it also ushers in anonymity, governance, compliance, and systemic risk issues. The FSTB said Hong Kong will continue to observe international regulatory developments on DeFi while mulling its own supervisory actions.

Tokenization and Retail Access Progress

Hong Kong has also been busy in the tokenization of traditional assets, such as funds and bonds. The regulators have initiated sandbox testing of tokenized products and are keen to extend the tokenization model to other fronts, such as green finance.

In the meantime, retail access to virtual assets has been expanded under controlled conditions. Regulated exchanges in Hong Kong — such as OSL and HashKey — can offer selected virtual assets to retail investors, subject to investor appropriateness as well as risk disclosure requirements.

Regulation of OTC Trading Platforms

The government also plans to consider regulating over-the-counter (OTC) virtual asset trading platforms, which are popular off-exchange platforms among investors, especially in Asia. Though less conspicuous than centralized exchanges, these platforms carry significant trading volume and present money laundering and investor protection risks.

By including OTC trading in its policy considerations, Hong Kong is signaling that no part of the crypto value chain will remain unregulated or unsupervised.

More News: Hong Kong’s Crypto Licensing Drive Continues into 2025: SFC Grants New Approvals

The post Hong Kong to Introduce New Virtual Asset Policy Framework by End-2025 appeared first on CryptoNinjas.

origin »

RSK Infrastructure Framework (RIF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RIF

framework new policy kong virtual introduce hong

Источник: cryptoninjas.net

framework new → Результатов: 126


Alluma ICO

Alluma envisions to be the first institutional grade cryptocurrency exchange dedicated to emerging markets in Asia. Built on top of a six-layered security architecture and to be operated within a compliance framework developed by an internationally renowned anti-money laundering team, the Alluma platform offers a secure & compliant platform designed to be easy to use for the new retail trader with personalized customer service, while offering powerful tools and deep liquidity for the advanced corporate professional.

2018-7-4 20:23


Florida Could Now Have a Cryptocurrency Chief for Regulatory Oversight

Chief Financial Officer (CFO) of Florida, Jimmy Patronis, announced the creation of a new position in the state called cryptocurrency chief on Tuesday, June 26. The new designee will help develop a regulatory framework in the state for cryptocurrencies and look into the current insurance and securities laws and their application on digital currencies and Initial […] Florida Could Now Have a Cryptocurrency Chief for Regulatory Oversight was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-27 22:58


Фото:

Sheila Bair, former chairperson of the Federal Deposit Insurance Corporation, is open to new rules for digital currency

Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies. She went on to explain: “We are trying to jam crypto trading into state money transmission laws, it just doesn’t work. I think at some point, we will need a federal

2018-6-22 02:29


Circle представила критерии отбора криптоактивов для листинга на Poloniex

Компания Circle опубликовала руководство, включающее описание критериев для оценки активов, которые появляются на криптовалютной бирже Poloniex, а также в линейках продуктов Circle Invest и Circle Trade.

2018-6-20 11:14


Фото:

Cryptocurrencies Could Make Banks Obsolete, Says Malta Bankers Association Head

As Malta cements its position as major cryptocurrency hub in the global landscape Marcel Cassar, the new Malta Bankers Association (MBA) Chairperson weighs in with his views on the sector. Cassar points to new technologies presenting opportunities in his interview with The Malta Independent, noting that Malta faces important tests including the first International Monetary Fund (IMF) Financial Sector Assessment Programme for Malta since 2003.

2018-6-19 11:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Monad Mainnet Goes Live as High-Speed L1 Opens With Full EVM Support and Day-One Apps

Key Takeaways: Monad Mainnet is now live, enabling real transactions, EVM-compatible app deployment, and early access to multiple consumer and DeFi apps. The launch introduces a high-throughput Layer-1 architecture using The post Monad Mainnet Goes Live as High-Speed L1 Opens With Full EVM Support and Day-One Apps appeared first on CryptoNinjas.

El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip

Key Takeaways: El Salvador acquired an additional 1,090.19 BTC worth about $101 million, its largest single purchase in months. The government’s accumulation goes beyond its ongoing 1 BTC per day The post El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip appeared first on CryptoNinjas.