Hong Kong accelerates its tailored development for digital assets

SchrödingersNode · 2026-02-14T00:14:44+00:00

Hong Kong enhances its status as a global financial hub by developing a tailored regulatory framework for digital assets. The government plans new legislation to modernize cryptocurrency regulations, fostering transparency and international cooperation to combat tax evasion. Public consultations are ongoing to refine these measures.

SchrödingersNode

2026-02-14 00:14:44

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Hong Kong intensifies its efforts to solidify its position as a global financial center by adopting a strategic, tailored approach to digital assets. This initiative addresses the growing challenges of the digital economy and reflects the government’s commitment to creating a modern and competitive regulatory ecosystem.

Legislative Measures to Regulate Cryptocurrencies

According to PANews, Hong Kong authorities unveiled an ambitious program during a Legislative Council meeting in January. Christopher Hui, Secretary for Financial Services and the Treasury, and Joseph Chan, Under Secretary, presented initiatives from the Financial Services and the Treasury Bureau. The government plans to submit several legislative proposals this year to strengthen the regulatory framework for crypto assets.

These proposals aim to modernize reporting standards and incorporate the standards set by the Organisation for Economic Co-operation and Development (OECD). The main goal is to establish a transparent and harmonized system for managing tax information related to digital transactions.

International Alignment and Fight Against Tax Evasion

The tailored development of this regulatory framework is part of an international cooperation effort. Starting in 2028, Hong Kong will implement an automatic exchange of tax information with other jurisdictions, enabling more effective combat against cross-border tax evasion.

This initiative enhances global tax transparency and positions Hong Kong as a responsible player in digital asset governance. Compliance with OECD standards ensures that Hong Kong’s framework aligns with international standards, facilitating exchanges and investments.

Towards Inclusive Regulation

Public consultations on these legislative proposals are currently underway. This dialogue phase with stakeholders will refine the measures and ensure a tailored development that meets the specific needs of the local market while adhering to international obligations.

The Hong Kong government thus demonstrates its ability to adapt its policies to the realities of the digital industry, creating a favorable environment for the sustainable growth of the digital assets sector.

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