Hong Kong releases Digital Asset Policy Declaration 2.0 to build a global innovation center

[Crypto World][Hong Kong Releases “Hong Kong Digital Asset Development Policy Declaration 2.0”] Hong Kong today released “Hong Kong Digital Asset Development Policy Declaration 2.0” (“Policy Declaration 2.0”), reaffirming the government’s commitment to making Hong Kong a global innovation center in the digital asset field. “Policy Declaration 2.0” outlines the government’s vision for building a trustworthy and innovation-focused digital asset ecosystem, prioritizing risk management and investor protection, while also aiming to bring substantial benefits to the real economy and financial markets. The new policy declaration focuses on: optimizing laws and regulations, expanding the variety of tokenized products, promoting application scenarios and cross-sector cooperation, and talent and partner development. Financial Secretary Paul Chan stated: “Policy Declaration 2.0” demonstrates our vision for the development of digital assets and showcases the practical applications of tokenization through practice, advancing the diversification of application scenarios. By combining prudent regulation with encouraging market innovation, we aim to build a more vibrant digital asset ecosystem that integrates with the real economy and social life, bringing benefits to the economy and society while consolidating Hong Kong’s leading position as an international financial center.