Hong Kong legislator Ng Kit Chuang has indicated that the region's stablecoin regulations are stringent, with very few licenses being issued. According to Barrons, only one license might be granted early next year. Additionally, the Legislative Council plans to expedite legislation for offline OTC transactions in 2026. Ng emphasized the growing trend of data assets, noting that many countries and companies are incorporating data assets, including Bitcoin, into their reserves. This reflects a broader global movement towards recognizing digital assets as a significant component of financial reserves.