Hong Kong proposes law allowing insurers to invest in crypto
Hong Kong is weighing a cautious shift that could open the door for insurers to enter crypto markets.
Summary
- Hong Kong’s insurance regulator is proposing rules that could allow insurers to hold crypto under a 100% risk charge.
- Stablecoins would face capital requirements based on the fiat currency they track.
- The plan fits into Hong Kong’s wider push to expand regulated crypto activity while limiting risk.
The city’s Insurance Authority is proposing new rules that would allow insurance firms to invest in assets such as cryptocurrencies and infrastructure.
According to a Dec. 22 Bloomberg report, the move would mark the first time the regulator has formally…
