Hong Kong's Top 10 Financial News Stories for 2025: "Hong Kong's Regulatory Framework for Virtual Assets in the Development of the Digital Economy is Becoming More Comprehensive" ranked third.

Hong Kong's Wen Wei Po recently released its "Top Ten Financial News Stories for Hong Kong in 2025," with "Developing the Digital Economy and Improving the Regulatory Framework for Virtual Assets" ranking third, highlighting Hong Kong's policy progress in the digital finance sector.

The report points out that with the formal promulgation of the Stablecoin Ordinance, Hong Kong has further established a multi-faceted regulatory system for digital assets, covering issuance, trading, and custody, providing clear compliance guidelines for the market.

The market generally expects the first batch of stablecoin licenses to be issued in early 2026, at which time a Hong Kong dollar stablecoin is expected to be officially launched. This development is considered to significantly enhance Hong Kong's competitiveness in the digital finance sector, not only helping to promote the digital transformation of local commerce and trade but also providing an efficient and low-cost tool for cross-border payments and settlements, further consolidating Hong Kong's position as an international financial center.

In addition, "Cryptocurrency Frenzy: Bitcoin Hits a Record High of $125,600" ranked eighth among the top ten news stories.

The report mentions that former US President Trump's public support for Bitcoin fueled market sentiment, causing Bitcoin's price to break historical records multiple times in 2025. However, after its surge, Bitcoin experienced a significant pullback, falling to around $85,000 at one point, a drop of over 30% from its peak, demonstrating the continued high volatility of the cryptocurrency market.

This phenomenon also reflects the profound impact of global macroeconomic policies, regulatory developments, and market sentiment on digital asset prices.

Overall, while Hong Kong is actively building a robust regulatory framework for virtual assets, the global cryptocurrency market has also experienced significant volatility, highlighting the reality of both opportunities and risks in the digital economy era.

Hong Kong's efforts in institutional innovation and market standardization may provide an important reference for the long-term healthy development of the digital asset sector. (Source: BLOCKBEATS)