Hong Kong Unveils 'Digital Asset Development Policy Declaration 2.0'

The updated policy emphasizes practical applications and ecological construction, reaffirming Hong Kong's commitment to becoming a global digital asset innovation center.

Summary

On June 26, 2025, the Hong Kong government launched the 'Digital Asset Development Policy Declaration 2.0,' focusing on practical applications and ecological construction in the digital asset space. This declaration includes measures for stablecoins, public consultations on licensing, and aims to enhance Hong Kong's position as a global innovation hub for digital assets. Over 40 institutions are already engaged in this initiative, reflecting a strong commitment to the development of a robust digital asset ecosystem.

Terms & Concepts
  • Digital Asset: Any asset that is created, stored, or transferred in a digital format, often using blockchain technology.
  • Stablecoin: A type of cryptocurrency that is pegged to a stable asset, such as a fiat currency, to minimize price volatility.
  • Public Consultation: A process by which stakeholders are invited to provide feedback on proposed policies or regulations.