Hong Kong’s de facto central bank unveiled plans for more lenient capital requirements for banks holding certain cryptocurrency assets, signaling the region’s drive to become a crypto hub, local media reported.
In a consultation paper released Monday, the Hong Kong Monetary Authority introduced a new supervisory policy manual module, CRP-1, which outlines how crypto assets should be classified under the Basel Committee on Banking Supervision’s global capital standards, according to a Wednesday report from financial news outlet Caixin. These international rules are scheduled to take effect in Hong Kong in early 2026.
The draft guidance — circulated to the local banking sector — details the HKMA’s approach to implementing the Basel…
