Hong Kong has signaled that it’s not shifting rapidly towards
gold-backed stablecoins, regardless of rising international curiosity in asset-backed
digital currencies. Current reviews point out regulators haven’t any present plans to
introduce or assist stablecoins linked to bodily gold, reflecting a cautious
method as the town balances innovation with monetary stability.
The brand new stance could have an effect on crypto corporations that had hoped to
launch gold-backed tokens in Hong Kong. A number of corporations have been exploring
commodity-backed digital property as a part of the town’s increasing Web3 ecosystem.
SFC Seminar Highlights Digital Asset Compliance
Final yr, the Securities
and Futures Fee participated in a seminar organised by the
Affiliation of Fund Directors of Hong Kong and the Larger Bay Space,
specializing in regulatory compliance within the digital asset sector.
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On the identical time, Chinese language
expertise teams, together with Ant Group and JD.com, paused stablecoin plans
in Hong Kong following steering reportedly issued by mainland authorities,
highlighting the cautious method to privately issued digital currencies.
Fiat-Backed Stablecoins Centered Regulatory Strategy
Over the previous two years, Hong Kong has positioned itself as
a regional crypto hub. Authorities have launched licensing regimes for
digital asset buying and selling platforms and promoted blockchain growth by way of
coverage statements and pilot tasks.
⚡ INSIGHT: Hong Kong hints that the town isn’t entertaining gold-backed stablecoins but. South Korea’s STO pioneer dangers closure. Asia Categorical through Cointelegraph Journal pic.twitter.com/bGeUNID7si
— Cointelegraph (@Cointelegraph) January 13, 2026
On the identical time, regulators have
maintained tight management over higher-risk segments of the market. Earlier
proposals centered on a regulatory framework for fiat-backed stablecoins, which
didn’t embody commodity-backed tokens akin to these linked to gold.
Limiting
the framework to fiat-backed stablecoins permits regulators to prioritize
readability and danger administration, whereas commodity-backed tokens increase extra
issues, together with custody of bodily property, valuation, and redemption
rights.
Hong Kong Expands Gold Buying and selling Infrastructure
Trade curiosity in tokenised gold merchandise stays. Some
institutional buying and selling platforms in Hong Kong already provide gold-pegged tokens,
together with Tether Gold (XAUt), to skilled buyers.
Individually, the town
has outlined plans to strengthen its bodily gold buying and selling and settlement
infrastructure as a part of broader monetary market growth. Authorized analyses
observe that the present stablecoin framework focuses on fiat-referenced tokens
and doesn’t cowl commodity-linked stablecoins, which might require future
regulatory growth or clarification.
This text was written by Tareq Sikder at www.financemagnates.com.
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