The Hong Kong government said it will submit an amendment bill before the end of 2026 to create licensing regimes for digital asset trading, custody, advisory and management services. Secretary for Financial Services and the Treasury Christopher Hui told a Monday policy briefing the government would submit the bill “within this year,” according to a government statement.

For anyone holding tokens on platforms serving Hong Kong, this matters more than the date alone. A licensing regime sets who is allowed to operate, what those firms must report, and what happens to customer funds if they do not qualify. But which four categories the bill actually covers, and which regulator watches each one, remains unconfirmed in the report.

The…