Group 1 - The 2025 Financial Street Forum Annual Conference focused on advancing financial development through legal frameworks, emphasizing the need for a multi-faceted enforcement mechanism in Hong Kong to address various risks and violations [1] - The Hong Kong government has implemented a licensing system for virtual asset trading platforms (VATP) to protect investors and mitigate risks to the traditional financial system, effective from June 2023 [1] Group 2 - The rise of stablecoins has prompted the introduction of the "Stablecoin Ordinance" in August 2023, requiring anyone issuing fiat-backed stablecoins in Hong Kong to obtain a license from the Financial Management Commissioner [2] - The Stablecoin Ordinance aims to enhance the regulatory framework for digital asset activities in Hong Kong, ensuring monetary and financial stability while reinforcing Hong Kong's status as an international financial center [2] - A joint consultation by the Financial Services and the Treasury Bureau and the Securities and Futures Commission was initiated to empower the SFC to regulate virtual asset service providers and custodians, with plans to revise laws to prevent misleading titles that may confuse investors [2]
香港特别行政区政府律政司司长林定国:在香港发行法币稳定币必须向金融管理专员申领牌照
Qi Huo Ri Bao Wang·2025-10-28 14:14