#BinanceHODLerSAHARA Hong Kong continues to accelerate its efforts in regulating stablecoins and tokenizing real-world assets (RWA). These steps aim to enhance its position as a global hub for digital assets and Web3.
Key Points:
🌟Stablecoin Regulation: A licensing system for stablecoin issuers will come into effect on August 1, 2025.
🌟Tokenization of Real-World Assets (RWA): Hong Kong seeks to encourage the tokenization of a wide range of assets, such as government bonds, exchange-traded funds (ETFs), precious metals, and renewable energy. This aims to increase liquidity and accessibility of these assets.
🌟New Framework: The government has launched a new framework called "LEAP" (Licensing, Education, Application, Protection) to streamline regulatory oversight and expand the use cases for digital assets.
🌟Collaboration and Coordination: The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) will oversee these initiatives, focusing on protecting investors and combating money laundering.
These developments aim to build a thriving digital environment that integrates the real economy with social life while maintaining responsible and sustainable development.