Hong Kong is advancing its regulatory framework for stablecoin issuers and is developing legislative proposals for licensing digital asset trading and custody services. The Securities and Futures Commission (SFC) is also exploring ways to expand the range of digital asset products and services available to professional investors, ensuring robust investor protection. Additionally, Hong Kong is enhancing international tax cooperation to combat cross-border tax evasion. The SFC is implementing automated reporting and data monitoring tools to strengthen the risk defenses of Hong Kong's digital asset sector.