Hong Kong continues to support digital assets.

Hong Kong is Developing its Digital Asset Ecosystem

Hong Kong Chief Executive John KC Lee announced the government's commitment to making the city a global hub for digital assets and Web3 innovation. Lee emphasized important advantages for cryptocurrency development in the special administrative region, such as the "one country, two systems" framework, deep financial market liquidity, and strong investor protections.

On the other hand, the Hong Kong Monetary Authority is preparing to issue the first stablecoin licenses, while the Securities and Futures Commission continues to work on deepening virtual asset market liquidity.