Hong Kong Monetary Authority (HKMA) has announced its intention to facilitate capital requirements for local banks holding cryptocurrencies, as Caixin reported.
The regulator published a document project for public consultation, aimed at clarifying the defined guidelines to be implemented in early 2026.
Recommendations focus on reducing capital requirements for banks if cryptocurrency transmitters can take appropriate measures to prevent and respond to risks.
The document also describes the classification procedure in accordance with global financial standards. Thus, the HKMA will implement Basel standards in the banking sector of Hong Kong.
The project mainly addresses digital assets launched on public blockchains. According to the proposed rules, these cryptocurrencies could potentially face lower requirements.
Hong Kong continues to go beyond continental China in the adoption of cryptocurrency legislation. Since August 1, the court has applied the regulations of the Stablescoin market.
Meanwhile, China focuses on national digital currencies. Beijing plans to allow the use of “stablecoins” supported by the Yuan.
Earlier, journalists from the economist suggested the potential failure of Chinese stalls, citing the supply of limited offshore assets and strict capital movement controls as reasons.
Нашли шибку В тексте? Выtern
Рассылки forklog: держите ра Пльсе биткоин -индустрии!
