The September 28, 2026 agreement between Hong Kong's SFC and AFRC replaces a previous February 2021 Memorandum of Understanding that covered only traditional financial entities

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Comprehensive legal regimes for digital assets, such as the EU's MiCA and proposed US market-structure bills, defining how tokens are issued, traded, and supervised.