Hong Kong Monetary Authority (HKMA) plans to loosen the capital requirements of banks to be applied while holding crypto currencies. Local Press to news According to the new draft sent to banks this week, HKMA shared the details of how to reflect global Basel standards to domestic regulations. The regulation is expected to enter into force at the beginning of 2026.
Details of the arrangement draft
HKMA’s new policy module titled “CRP-1” Basel Banking Audit Committeebased on international capital rules. Especially working in blockchain without permission crypto currencyFocusing on the classification of s, the draft predicts that these assets can be evaluated by lower capital obligations under certain conditions. In the event that exporters apply risk management and audit measures, the capital rate will be kept lower than banks.
HKMA’s work was launched with the counseling document sent to the banking sector. Thus, the final regulation will be shaped by taking the opinions of local financial institutions. The aim of the institution is to adapt to international standards and Hong KongTo make the financial regulations of the crypto currencies suitable for the use of crypto currencies. In this context, the regulation paves the way for the banks to enter the crypto currency area with more flexible conditions.
Hong Kong opens the crypto coins as they open the door
Hong Kong has recently developed its legal framework for the crypto currency sector. License system for stock exchanges is in force and stablecoinThe arrangement framework for the export of the s was established. In August Securities and Futures Transactions Commission (SFC) has obliged licensed platforms to strengthen the storage standards of customer assets.
In the Chinese mainland, crypto trade and mining are still banned, while Hong Kong shaped the organizing institutions sector in a different direction.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
