Hong Kong Monetary Authority plans to optimize capital regulation of crypto assets

The Hong Kong Monetary Authority has released a draft of the new module CRP-1 "Classification of Crypto Assets" in the "Banking Supervisory Policy Manual" to the local banking industry for public comment, intending to further clarify the Basel crypto asset capital regulatory standards to be implemented in early 2026, with a focus on reducing the capital requirements for banks holding compliant, unlicensed blockchain crypto assets, in order to promote banks' acceptance of digital assets such as stablecoins.