Hong Kong Proposes Digital Asset Trading Consultation

2 mins mins

Key Points:

Hong Kong introduces digital asset trading consultation, enhancing regulatory clarity.
Supports compliant market operation.
Combats fraudulent activities.

Hong Kong’s SAR Government launched a consultation on legislative proposals for digital asset trading and custody services, announced by Legislative Council member Wu Jietzhuang on the X platform.

This move clarifies digital asset regulations, addressing market needs and fraud prevention, potentially establishing Hong Kong as a global digital asset hub.

Hong Kong Launches Consultation to Regulate Digital Assets

Hong Kong’s Financial Services and the Treasury Bureau initiated a consultation on digital asset trading and custody legislative proposals, announced Wu Jietzhuang on X.

The proposal aims to clarify digital asset regulations, aiding compliance and combating fraud. The initiative aligns with Hong Kong’s efforts to position itself as a global digital asset hub.

Wu Jietzhuang, Member of the Hong Kong Legislative Council, stated, “I am pleased to see that the Hong Kong SAR Government’s Financial Services and the Treasury Bureau has new developments in promoting digital asset trading… This legislative proposal not only establishes the legitimacy of over-the-counter trading and custody services for cryptocurrencies and digital assets, allowing the industry to operate in a more compliant manner; on the other hand, it can also combat suspected fraudulent activities that use related activities as a guise, helping citizens avoid losses.” Source

Bitcoin Holds 59% Market Dominance Amid Regulatory Moves

Did you know? Hong Kong is positioning itself as a global digital asset hub, enhancing its regulatory framework to attract international investments.

According to CoinMarketCap, Bitcoin (BTC)’s current price is $87,757.50, with a market cap of $1.75 trillion. The 24-hour trading volume stands at $21.88 billion, down 47.29%. Bitcoin continues to dominate the market, holding 59.16% market share.

bitcoin-daily-chart-5285 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 07:14 UTC on December 25, 2025. *Source: CoinMarketCap*

The Coincu research team notes that this regulatory proposal can pave the way for increased global investment in Hong Kong’s digital asset market. By balancing regulatory requirements with innovation, Hong Kong may solidify its reputation as a reliable blockchain and digital asset hub.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.