Hong Kong Monetary Authority intends to optimize capital supervision of crypto assets

PANews reported on September 11 that according to Caixin, the Hong Kong Monetary Authority released the new module of the "Banking Regulatory Policy Manual" CRP-1 "Crypto Asset Classification" to the local banking industry on September 8, intending to further clarify the Basel crypto assets capital regulatory standards that will be implemented in early 2026, focusing on reducing the capital requirements for banks to hold compliant licensed blockchain crypto assets, so as to promote banks to accept digital assets such as stablecoins.