Hong Kong Treasury Official Simon Yiu: Stablecoin Issuers Licensing Regime Will Drive Substantive Use Case Development

BlockBeats News, July 4th, Today at the Hong Kong Digital Finance Awards 2025 ceremony, Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong is actively promoting the development of digital assets. A regulatory framework has been gradually established to balance risk management, investor protection, and industry growth, promoting the sustainable development of Hong Kong's digital asset ecosystem.

Christopher Hui mentioned that the Hong Kong Stock Exchange has developed the first batch of digital asset indices in Hong Kong, providing investors with a transparent and reliable Bitcoin and Ethereum price benchmark in the Asian time zone, supporting Hong Kong's development as a leading digital asset hub in Asia. The upcoming licensing regime for stablecoin issuers, starting next month, will help advance the development of substantive use cases and support Hong Kong's growth as a leading digital asset hub in Asia. (Sina Finance)