By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions.
Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology.
At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined the city’s strategic plans to attract technology talents, build new infrastructure, and establish robust legislative supervision.
Chiu emphasized that this initiative is crucial for the technology industry over the next five to ten years. “The digital asset industry has made significant progress in the past few years, but we are still in a very early stage,” Chiu said. “We should establish a sound exchange system and soon introduce legislation related to stablecoins.”
