Hong Kong Monetary Authority consults the industry on the revised cryptoasset regulatory policy manual

BlockBeats News, on September 11, the Hong Kong Monetary Authority (HKMA) released a new regulatory policy manual outlining the classification of crypto assets under Basel Capital Rules. Starting from January 1, 2026, Hong Kong will implement the Basel framework by revising its capital, disclosure and major exposure rules. This manual divides crypto assets into two groups. The first group is tokens pegged to traditional assets and stablecoins with effective stability mechanisms, which will be treated similarly to those of equal traditional assets. The second group is unsecured tokens such as Bitcoin and Ethereum, as well as unqualified tokenized assets and stablecoins, which will be fully capitalized and more stringent. Stable coins licensed under Hong Kong's latest Stable Coin Ordinance will be considered as lower risk assets. Industry insiders can comment on the revised rules by October 10. (Jin Shi)