On February 25, reports indicated that the cryptocurrency market has rebounded. As of press time, $Bitcoin (BTC.CC)$ Bitcoin rose by 1.45%, reaching $64,900.07; $Ethereum (ETH.CC)$ Ethereum increased by 2.18%, trading at $1,887.88, with a gain exceeding 3% in the past 24 hours.

According to the Hong Kong Economic Times, Financial Secretary Paul Chan stated in the 2026 Budget that the government plans to submit a draft ordinance on digital asset policies within the year, establishing a licensing system for service providers engaged in digital asset trading and custody. Currently, Hong Kong has already implemented a licensing framework for fiat-backed stablecoin issuers and will issue the first batch of licenses in March. The government and…