Hong Kong’s Crypto Power Play: Faster Licenses, State Moves
Hong Kong is speeding up its crypto licensing game, with the SFC rolling out a streamlined approval process early next year.
Meanwhile, whispers of the Exchange Fund dabbling in crypto are heating up; while the HKMA says any moves will be minimal, the idea of state money eyeing digital assets is big energy.
Stablecoin issuers? It’s time to get serious. A new framework demands licenses, HK$25M in reserves, and hardcore compliance to stay in the game.