Hong Kong officially issues the 'Digital Asset Development Policy Declaration 2.0', reaffirming its commitment to building a global innovation center in the digital asset field.

According to a report by Deep Tide TechFlow, on June 26, the Hong Kong government released the 'Hong Kong Digital Asset Development Policy Declaration 2.0', reaffirming its commitment to making Hong Kong a global innovation center in the digital asset field. The policy proposes the 'LEAP' framework, which covers legal and regulatory optimization, expansion of tokenized products, promotion of application scenarios, and talent development.

In terms of regulation, the government will establish a unified regulatory framework for digital asset service providers, with the Securities and Futures Commission as the primary regulatory body. The licensing mechanism for stablecoin issuers will be implemented on August 1, and the regular issuance of tokenized government bonds will be promoted. Financial Secretary Paul Chan stated that blockchain technology can enable more efficient and lower-cost financial transactions.