Interpretation of Hong Kong Digital Asset Policy Declaration 2.0: Key Changes and Deep Logic "(Author Jason Jiang) The new policy replaces" virtual assets "with" digital assets "as the core term, focuses on stablecoins and real asset tokenization (RWA), proposes to officially implement the stablecoin licensing system in August 2025, and regularly issue tokenized government bonds, expanding to asset types such as gold and commodities. At the same time, the regulation of trading and custody licenses has been comprehensively upgraded, and incentive policies such as stamp duty and capital gains tax exemptions have been introduced to attract global capital into Hong Kong and strengthen Hong Kong's strategic position as an international digital finance hub. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=44770