Hong Kong pushes to strengthen crypto regulations

Policymakers at Consensus Hong Kong unveiled a set of initiatives aimed at bolstering the local digital-asset ecosystem, including a framework for perpetual contracts and a promise that stablecoin licenses will be announced in the coming month. Regulators such as the Securities & Futures Commission and the Hong Kong Monetary Authority have been actively engaging with industry, asking firms what they need to encourage investment and whether certain rules should be adjusted.

"That certainty of direction gives a lot of companies confidence to invest in Hong Kong and to build further," said Jason Atkins, chief commercial officer of crypto trading firm Auros.

Hong Kong

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