Hong Kong has officially launched its LEAP framework (Leading the Edge in Asset tokenization and Payments), outlining a forward-looking strategy for digital assets. Key highlights include:
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๐น 1. Stablecoin Licensing (Effective August 1):
โข The SFC will regulate exchanges and wallets.
โข The FSTB and HKMA will amend laws to allow tokenization of real-world assets like real estate and bonds.
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๐น 2. Tokenized Bonds & ETFs:
โข Tokenized government bonds and ETFs can now be publicly traded, with tax incentives for issuers and investors.
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๐น 3. Expanding Use Cases:
โข The government encourages tokenization of gold, renewable energy, and other real assets.
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๐น 4. Innovation Support:
โข Cyberport funding will support blockchain startups and Web3 innovation.
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๐น 5. Regulatory Clarity:
โข Stablecoin legislation has been passed, and the city is preparing to allow crypto derivatives trading under a clear legal framework.
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โ ๏ธ Information is for reference only. Always do your own research before investing. $BTC