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This article provides an in-depth analysis of the development of Hong Kong's cryptocurrency policies in 2024, reviewing the evolution of regulation since 2014. It explores the roles and responsibilities of regulatory bodies such as the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), as well as key policy measures like the licensing regime for Virtual Asset Service Providers (VASP). The article serves as a comprehensive policy guide by examining Hong Kong's regulatory framework, legal requirements, and market positioning in the cryptocurrency space. Additionally, it discusses Hong Kong's strategic role as an international financial center in the global cryptocurrency market and the opportunities and challenges under the regulatory environment. Whether you're a market participant, investor, or policy researcher, this article helps you understand Hong Kong's cryptocurrency policies' current state and future direction.

The two major centers of the crypto market in Asia are Hong Kong and Singapore. Because of its inseparable relationship with China and its relatively independent governance environment, Hong Kong is not only the center of the Chinese community in the crypto market, but also a benchmark for regulatory standardization and information. The strongest hub for interaction.

Starting from the approval of Bitcoin and Ethereum spot ETFs in Hong Kong, this article analyzes Hong Kong's cryptocurrency policies, helping investors make more rational judgments.

The Securities and Futures Commission of Hong Kong has officially announced the list of approved virtual asset spot ETFs, including Huaxia (Hong Kong), CSOP International, Bosera International's Bitcoin spot ETF, and Ethereum spot ETF. These six Hong Kong spot ETFs have obtained a decent initial scale through subscription, but their trading volume on the first day was far smaller than their counterparts in the United States. SoSoValue researcher Tom Analysis provided analysis based on supply and demand dynamics.

This article analyzes the reasons why Hong Kong missed the opportunity for QR code payment and evaluates the challenges and opportunities for stablecoin implementation in the region.

On August 1, Hong Kong’s stablecoin regulatory regime officially took effect. The Hong Kong Monetary Authority released six documents establishing a comprehensive regulatory framework, addressing core areas including licensing thresholds, reserve asset requirements, private key management, Know Your Customer (KYC), and redemption mechanisms. This article presents an in-depth analysis of the “Guideline on Regulation of Licensed Stablecoin Issuers.” It explains the dual approach of rigorous oversight and adaptive flexibility, featuring stringent governance, detailed technical specifications, and support for innovation. Hong Kong, as a leading financial center, is setting a sustainable regulatory model for stablecoins on the global stage.

This article conducts a detailed analysis of the competitive landscape in East Asia through data research and explores the potential arising from Hong Kong.

Why has the Hong Kong RWA route stagnated? This article deeply analyzes the limitations of "bond issuance as financing" and proposes a new strategic path of returning to infrastructure, laying out offshore markets, and building an Asia-Pacific on-chain asset hub.

This report deeply analyzes the development trajectory of the Circular on Virtual Asset Trading Platforms Providing Staking Services policy, examining the specifics of ETH staking returns, changes in capital flows for Hong Kong’s Ethereum spot ETFs, and the future prospects of Hong Kong’s Ethereum ecosystem alongside the development of the Real-World Asset (RWA) sector.

With the implementation of Hong Kong’s stablecoin regulations, this article provides a comprehensive analysis of how the dual-track approach—combining Digital Renminbi and offshore Renminbi stablecoins—advances Renminbi internationalization. Using the metaphor of a financial system as a tree with roots, trunk, and leaves, this article systematically explores on-chain settlement in the Shanghai Free Trade Zone, the global distribution mechanism for Hong Kong’s CNHC stablecoin, and the technical frameworks and risk management for central bank regulation, on-chain transparency, and cross-border payment efficiency. It is ideal for readers interested in stablecoin policy, Renminbi internationalization, and fintech innovation.

This article analyzes custody rules and regulatory trends across different regions through the lens of the SEC's charges against Galois Capital. The U.S. requires qualified custodians to hold clients' crypto assets, while Hong Kong and Singapore have similar regulations, emphasizing the importance of anti-money laundering, asset segregation, and security measures.

Gate Research Daily Report: On April 8, Bitcoin rebounded by 1.93% to $79,947, while Ethereum rose to $1,593. Since Trump took office, over $1.1 trillion in cryptocurrency market cap has evaporated. Stablecoins have been withdrawn from exchanges, with balances reaching a three-month low. Multicoin's assets under management surged by more than 50%, and Mantra has launched a $108 million fund to support RWA and DeFi startups. South Korea's pension system plans to introduce blockchain, and Hong Kong will offer spot ETF staking services to strengthen the compliance development of virtual assets.

The article reported that the Hong Kong Securities Regulatory Commission approved in principle Harvest International Asset Management Co., Ltd. and China Asset Management (Hong Kong) to launch Bitcoin and Ethereum spot ETF products, which will be provided through OSL Digital Securities Co., Ltd. This decision marks that Hong Kong is ahead of the United States in financial innovation. Through a flexible regulatory environment and an open attitude towards financial innovation, Hong Kong is trying to seize cryptocurrency pricing power in the global financial market. The article also mentioned that Hong Kong’s policy changes are friendly to the cryptocurrency market and emphasized the stability and continuity of the policy. In addition, the article points out that although the market has had mixed reactions to Hong Kong’s adoption of Bitcoin and Ethereum ETFs, this move is a positive signal for the industry.

Only a small number of licenses are available in the first batch, giving a clear advantage to large financial and technology giants. The regulatory compliance status is poised to draw significant institutional investment into the market.

Stablecoins are a significant presence in the cryptocurrency market. They are essentially defined as cryptocurrencies that are pegged to fiat currencies or other assets to achieve stable value. Currently, mainstream stablecoins are mainly distinguished based on the type of collateral and the degree of centralization in their issuance. Those backed by fiat currencies are mostly issued in a centralized manner and currently dominate the market. On the other hand, those backed by crypto assets or algorithmic stablecoins are mostly issued in a decentralized manner. Each category has its leading figures, and every stablecoin design framework has its advantages and disadvantages.