February 11 News, Hong Kong continues to strengthen its position as an Asian hub for digital assets and Web3 innovation. Hong Kong Special Administrative Region Chief Executive John Lee delivered a video speech at the CoinDesk Consensus Hong Kong Conference, stating that the SAR government will support the development of the local digital asset ecosystem in the long term and provide a clear and stable regulatory framework to offer a predictable business environment for global crypto companies.
John Lee pointed out that over the past few years, Hong Kong has systematically established a regulatory system for digital assets, aiming to promote the expansion of the Web3 industry based on compliance, transparency, and sustainability. He emphasized that Hong Kong also connects Mainland China and international financial markets, possessing a dual advantage under the “One Country, Two Systems” framework that is difficult for other cities to replicate. This gives Hong Kong a unique competitive edge in virtual asset innovation, capital flow, and institutional stability.
On the policy front, Hong Kong released a regulatory policy statement for digital assets last year and continues to improve the stablecoin regulatory mechanism. John Lee confirmed that the Hong Kong Monetary Authority is about to issue stablecoin issuance licenses to compliant institutions, with the first licenses expected to be granted as early as next month. This move is seen as an important step for Hong Kong to advance a compliant stablecoin system and serve cross-border payments and on-chain finance.
Meanwhile, the Securities and Futures Commission of Hong Kong is also accelerating the optimization of virtual asset market rules, focusing on enhancing market liquidity and product diversity to attract more international institutions and Web3 projects to establish a presence in Hong Kong.
John Lee stated that Hong Kong will continue to be at the forefront of fintech and blockchain innovation, welcoming global digital asset companies, Web3 developers, and financial institutions to participate in building the local ecosystem and jointly shaping a more open and efficient digital financial system.
Against the backdrop of clearer global regulation and rising demand for stablecoins and on-chain finance, Hong Kong is establishing its strategic position as an Asian Web3 and compliant crypto asset hub through a dual drive of制度 and capital.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Faces Obstacle at $75,000: Federal Reserve Meeting and Middle East Situation May Become Key Turning Points
Bitcoin's upward momentum weakened after touching $75,000, with market concerns about a near-term peak. Despite continued institutional accumulation pushing total open interest to $58 billion, prices face pressure from macro uncertainty. Bitcoin ETF inflows exceeding $1.5 billion support the price. Market focus remains on the Federal Reserve meeting and geopolitical situation, which may impact near-term trends.
GateNews53m ago
3 Addresses Deposit $11,800 on Polymarket, Betting Netanyahu Will Step Down by End of March
On March 18, Polymarket prediction market showed that three investors who had previously profited in Middle Eastern markets wagered $11,800, betting on whether Netanyahu would step down by March 31, with current odds at 3%. Netanyahu's consecutive absences from multiple meetings have raised external concerns about his health condition, and related videos are suspected to possibly contain AI-generated content.
GateNews56m ago
European Stock Markets Set to Open Higher: Fed Rate Decision and Oil Price Volatility in Focus
European stock markets are expected to open broadly higher, as investors focus on the upcoming Federal Reserve interest rate decision. International oil prices have temporarily declined due to rising inventories, and geopolitical uncertainties are increasing. The market generally anticipates that the Federal Reserve will keep interest rates unchanged, while EU inflation data and rate decisions from multiple central banks will influence global market fluctuations.
GateNews1h ago
Iran's Revolutionary Guards Say They Will Launch "Hardest" Retaliatory Strike Against US and Israel Yet
Gate News report: On March 18, according to CCTV News, Iran stated on the 18th that Majid Mousavi, commander of the Iranian Islamic Revolutionary Guard Corps Aerospace Force, issued a statement saying that Iran plans to "launch the most forceful retaliatory strike so far against the enemy" and make the enemy's airspace "more spectacular." The statement said that this escalated retaliatory operation aims to respond to calls from the Iranian people for the Islamic Revolutionary Guard Corps to inflict heavier blows on the enemy. Mousavi emphasized that "hostile forces have absolutely no possibility of defeating Iran."
GateNews1h ago
Nvidia Groq 3 LPU Inference Chip Expected to Enter China in May, May Circumvent GPU Export Controls
Nvidia plans to introduce the Groq 3 LPU inference chip to the Chinese market in May. This chip is not a downgraded version, but rather Groq's first product introduction to China. The Groq 3 LPU features high bandwidth and a unique architecture that may circumvent U.S. export controls, but it requires adaptation to other systems, and its performance remains to be seen.
GateNews1h ago
Vietnam's First Batch of Crypto Licenses: Five Leading Players Competing, Overseas Trading Ban Forcing Market Localization
Vietnam currently has five companies vying for the first batch of compliant cryptocurrency exchange licenses, including major banks and large enterprises. Regulatory authorities plan to ban citizens from using overseas exchanges and are beginning to draft tax schemes that treat crypto trading as formally regulated assets. Vietnam is concerned about capital outflows, and crypto startups that fail to meet standards are excluded, with regulators favoring traditional financial institutions.
MarketWhisper1h ago
