Hong Kong's Central Bank May Ease Capital Rules on Banks Holding Crypto: Report

Hong Kong's Central Bank May Ease Capital Rules on Banks Holding Crypto: Report

The Hong Kong Monetary Authority (HKMA) has circulated plans for easing the capital requirements for banks holding cryptocurrencies, local financial news outlet Caixin reported on Wednesday. The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto assets, which will be implemented early next year.The drafted guidelines focus on lowering bank capital requirements if issuers…

Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto - New crypto asset framework could lower costs for banks, bolster city’s role as digital finance hub

China Signals Caution, Leaving Hong Kong’s Stablecoin Dreams in Limbo

But pressure from Beijing is already complicating that vision, with mainland-linked firms now expected to pull back. Mainland Firms Step Aside Chinese internet giants, state-owned banks, and other mainland enterprises operating in Hong Kong have been told not to participate in stablecoin ventures for now. Some that were preparing applications are reportedly shelving plans. This marks a sharp reversal from earlier enthusiasm. JD.com, Ant Internat…

Hong Kong regulator proposes easing capital requirements for licensed crypto assets - CoinCodeCap

Hong Kong’s ambition to build a regulated stablecoin hub is now facing major headwinds. The Hong Kong Monetary Authority (HKMA) has circulated draft rules for

Hong Kong to Cut Capital Rules for Banks Holding Crypto

HKMA draft lowers capital rules for banks holding crypto with strong issuer safeguards. The new CRP-1 module aligns Basel III with Hong Kong’s digital asset regulations by 2026. HKMA framework focuses on permissionless crypto, separate from tokenized securities or stablecoins. Hong Kong’s banking regulator has released draft rules that could lower capital requirements for banks holding digital assets on permissionless blockchains. The Hong Kong …