Pol Chan unveiled at Davos, Hong Kong stablecoin license to officially launch this year

2026-01-29 02:13:02

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Hong Kong’s digital asset regulations are reaching a new turning point. Hong Kong Finance Secretary Paul Chan Mo-po officially announced that starting from the first half of this year, the issuance of licenses related to stablecoins will begin at the Davos Forum in January 2025. He expressed support for the continued growth of the digital asset industry under the principle of “same activity, same risk, same regulation.”

Strengthening Hong Kong’s Digital Asset Regulatory Framework

According to Secretary Paul Chan, a total of 11 cryptocurrency trading platforms have obtained official licenses in Hong Kong so far. This reflects a policy stance that only exchanges meeting regulatory standards will be permitted to operate. At the same time, Hong Kong is actively promoting the practical use of blockchain technology in the real economy, presenting a new model of sustainable finance through the issuance of tokenized green bonds. Over the past period, approximately $2.1 billion worth of tokenized green bonds have been issued in three rounds.

Stablecoin Licensing and Industry Outlook

The introduction of the stablecoin licensing system is more than just a regulatory tightening; it is a crucial measure to ensure the stability of the digital asset market. Paul Chan emphasized that digital assets are a key means to improve financial efficiency, strengthen risk management systems, and accelerate the integration of the real economy with cutting-edge technology. Policy efforts to establish Hong Kong as an Asian digital financial hub are gaining momentum.

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