The Hong Kong Monetary Authority recently issued a new circular, clarifying that starting from January 1, 2026, Hong Kong banking institutions will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision's standards for crypto asset regulation. This means that Hong Kong's crypto asset regulatory framework will further align with international standards and introduce new requirements for banks' capital adequacy ratios. This is an important policy signal for financial institutions engaged in crypto asset-related businesses, and they need to prepare in advance for the new compliance standards.
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NFTArtisanHQ
· 12h ago
hmm so basically hk is just playing catch-up with basel standards... the real question is whether this paradigm shift actually democratizes access or just fortifies the gatekeepers, ngl
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TradFiRefugee
· 12h ago
Hong Kong's move is quite good; it seems like they are really embracing crypto.
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CodeAuditQueen
· 12h ago
It will only take effect in 2026. Banks should start auditing their capital allocations now; otherwise, it will be awkward if issues arise later.
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ExpectationFarmer
· 12h ago
Wait, Hong Kong is changing the rules again? Are you ready by this time next year?
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mev_me_maybe
· 12h ago
It's been obvious that Hong Kong wants to do this. Institutions that prepared early should now be secretly celebrating.
The Hong Kong Monetary Authority recently issued a new circular, clarifying that starting from January 1, 2026, Hong Kong banking institutions will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision's standards for crypto asset regulation. This means that Hong Kong's crypto asset regulatory framework will further align with international standards and introduce new requirements for banks' capital adequacy ratios. This is an important policy signal for financial institutions engaged in crypto asset-related businesses, and they need to prepare in advance for the new compliance standards.