Hong Kong Advances Digital Asset Regulations and Licensing

According to BlockBeats, Hong Kong's Financial Secretary, Paul Chan, announced at the 2025 Caixin Summer Summit that the region has implemented licensing systems for digital asset trading platforms and stablecoins. Additionally, regulatory frameworks for custody and over-the-counter trading are being developed. Chan stated that this month, Hong Kong will release a second policy declaration on the development of digital assets in the region. The declaration will focus on integrating financial services with innovation and expanding the application scenarios for digital assets.