Hong Kong continues to support local digital asset community growth, chief executive says

The government will continue to support a local crypto/Web3 agenda, Chief Executive John KC Lee said at Consensus. What to know : Hong Kong Chief Executive John KC Lee said the government is committed to making the city a global hub for digital asset and Web3 innovation. Lee highlighted the "one country, two systems" framework, deep financial market liquidity and strong investor protections as key advantages for crypto development in the special administrative region. The Hong Kong Monetary Authority is close to issuing the first stablecoin licenses, while the Securities and Futures Commission is working to deepen virtual asset market liquidity.