Hong Kong Promotes Responsible Crypto Framework at WEF

• Hong Kong promotes a risk-based digital asset regime while positioning itself as a regulated fintech hub.
• Proposed rule changes could end the 10% crypto exemption for asset managers, raising compliance demands.
• Industry groups warn that tighter licensing and custody rules may limit cautious crypto exposure by funds.

Hong Kong’s approach to regulating digital assets was in focus this week after the city’s finance chief outlined its strategy on the global stage, even as parts of the financial industry raised concerns about proposed rule changes at home.

Speaking at a closed-door workshop during the annual meeting of the World Economic Forum in Davos, Switzerland, Hong Kong Financial Secretary Paul Chan Mo-po described the city’s digital asset regime as designed to balance innovation with financial stability. Chan said finance and technology were increasingly in…

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