Hong Kong Treasury Bureau: Approval of digital asset licenses is speeding up in an orderly manner, with regulatory sandboxes helping to drive financial innovation.

According to the Wisdom Financial APP, on July 30, Hong Kong Financial Services and Treasury Bureau Director Xu Zhengyu responded to parliamentarians, stating that since the rapid licensing process was implemented, the scope has quickly expanded to include all new applicants for digital asset trading platform licenses. The government will continue to review the application status of digital asset trading platform licenses in order to promote more operators from different backgrounds to carry out related business in Hong Kong.