The Hong Kong government has issued the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, which is aimed at developing Hong Kong into a global hub for innovation around digital assets.
This new policy statement released on June 26 by the Financial Services and the Treasury Bureau builds upon the foundational measures outlined in the initial policy statement released in October 2022.
It also sets out a vision for a trusted and innovative digital asset ecosystem that prioritises risk management and investor protection, while delivering concrete benefits to the real economy and financial markets.
The statement also introduces the LEAP framework, which focuses on four key areas: Legal and regulatory streamlining, Expanding the suite of tokenised products, Advancing used cases and cross-sectorial collaboration, and People and partnership development.
The bureau says it seeks to outline a forward-looking strategy to empower businesses, enhance financial inclusion, cultivate talent, while also upholding investor protection and financial security, solidifying Hong Kong’s status as a leading international financial centre.