The Hong Kong Securities and Securities Committee (SFC) has suggested expanding the scope of organizational employees of the encrypted currency in response to the growing encryption aspirations in Hong Kong.
Hong Kong encoding plan plan
SFC 2025-2026 presented budget On Monday, when she proposed 15 new vacancies, eight focused on enhancing employment support for the regulatory systems of virtual assets, market control, and implementation investigations.
According to SFC, the repeated expenses for the coming year from April 1, 2025 are expected to reach $ 2.59 billion, Hong Kong ($ 332.4 million). The expenses reach 7.2 % compared to the estimated expenses for a period of 2024-25.
SFC recently highlighted in another document that appointed individuals with licensing and supervising the regulatory tasks related to encryption. Despite these efforts, the committee managed to perform on -site searches for only 200 companies licensed in 2023, which is less than 300 companies.
The budget was very expected as the legislator in Hong Kong Wu Gizang’s previously suggested Bitcoin (BTC) into the city’s financial reserves, suggested that the Stock Exchange fund used and bitcoin contract in the long run. Wu’s proposal came against the background of the growing cryptocurrency industry in Hong Kong, which attracts global money and talents with an increase in stamp tax revenues.
In parallel, the proposed Stablecoin Bill in Hong Kong is also progressing through the Legislative Council. The draft law aims to delegate Stablecoin to obtain a license from the Hong Kong Monetary Authority (HKMA). Moreover, Securities monitoring also accelerated the HK (VATP) virtual trading platform licensing process because it is consciously aimed at becoming a global encoding center.
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