Christopher Hui (후이), Hong Kong's secretary for financial services and the treasury, plans to submit a regulatory framework related to digital assets in 2026, Cointelegraph reported on Jan. 30.
Hong Kong financial authorities are preparing regulations for firms that provide cryptocurrency advisory services.
The Hong Kong Monetary Authority (HKMA) is reviewing stablecoin issuance licences and plans to build a cryptocurrency tax reporting system. Hui said, "Reflecting international efforts to prevent tax avoidance, we will automatically exchange tax information related to cryptocurrency transactions from 2028."
Hong Kong's legislature passed a bill in August to regulate stablecoin issuance, but no issuer has yet received an HKMA licence.
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Chi-gyu Hwang
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