Svmuu News: Hong Kong Financial Secretary Paul Chan stated in the 2026 Budget that the government will introduce a draft bill on digital asset policy within the year to establish a licensing regime for providers of services such as digital asset trading and custody. Hong Kong has already implemented a licensing regime for fiat-pegged stablecoin issuers and will issue the first batch of licenses in March. The government and financial regulators will continue to encourage licensed issuers to explore more use cases while ensuring compliance and risk control. Paul Chan noted that the Hong Kong Securities and Futures Commission (SFC) will also further enhance liquidity in Hong Kong’s digital asset market while fully safeguarding investors, offering professional investors a wider range of products and services, and establishing an accelerator to expedite market innovation. (Jinshi)