Hong Kong’s Iron Regulator Gets Three More Years to Shape Global Crypto Rules

Hong Kong’s Securities and Futures Commission reportedly plans to extend Chief Executive Officer Julia Leung’s tenure by three years. The extension, which would keep Leung in the role until the end of 2028, comes as the regulator advances its oversight of virtual asset markets and works to strengthen Hong Kong’s position as an international financial center. Stablecoin Regulation Takes Effect The SFC has successfully implemented Hong Kong’s comprehensive regulatory framework for virtual assets. On August 1, 2025, the territory’s stablecoin ordinance came into force, establishing a licensing regime for issuers of fiat-referenced stablecoins source: https://beincrypto.com/hong-kong-extends-julia-leungs-sfc-tenure-to-2028/