The Hong Kong Monetary Authority Consults Industry on Revised Cryptocurrency Regulation Policy Manual

BlockBeats News, September 11th, the Hong Kong Monetary Authority (HKMA) released a new regulatory policy manual outlining the classification of crypto assets under the Basel Capital Rules. Starting from January 1, 2026, Hong Kong will implement the Basel framework by amending its Capital, Disclosure, and Large Exposures Rules. The manual will categorize crypto assets into two groups. The first group includes tokens pegged to traditional assets and stablecoins with an effective stabilizing mechanism, which will be treated similarly to equivalent traditional assets.

The second group includes unsecured tokens such as Bitcoin and Ethereum, as well as ineligible tokenized assets and stablecoins, which will undergo full capitalization and stricter treatment. Stablecoins licensed under Hong Kong's latest "Stablecoin Regulation" will be considered lower-risk assets. Industry participants can provide feedback on the revised rules until October 10th. (Golden Finance)