[Paul Chan: First batch of stablecoin issuer licenses to be issued in March, digital asset policy bill to be submitted within the year] Jin10 Data, February 25 – Financial Secretary Paul Chan stated in the '2026 Budget' that the government will submit a digital asset policy bill within the year, establishing a licensing regime for service providers involved in digital asset trading and custody. Currently, Hong Kong has already implemented a licensing system for fiat-backed stablecoin issuers, with the first batch of licenses to be issued in March. The government and financial regulatory authorities will continue to promote licensed issuers to explore more application scenarios under compliance and risk-controlled conditions. Paul Chan also mentioned that the Securities and Futures Commission (SFC) will further enhance the liquidity of Hong Kong's digital asset market while fully safeguarding investor interests, providing more products and services for professional investors, and establishing an accelerator to expedite market innovation.