Hong Kong Sets End-2026 Deadline for Crypto Licensing Framework

Source Summary

Hong Kong regulators are advancing a licensing regime targeting four categories of digital asset services: trading, custody, advisory, and management. Officials have reaffirmed an end-2026 deadline for the licensing bill, signaling commitment to establishing formal oversight of the cryptocurrency sector.

Why it matters

Hong Kong's formal licensing framework would establish regulatory clarity for digital asset service providers operating in a major global financial hub.