Hong Kong Provides to turn off Crypto’s rules for banks, set to work in 2026
In the greater shock to strengthen its position in the Cryptocurrency Sendscape state, Hong Kong is set to achieve new rules aimed at improving the adoption and use of digital assets between the digital banks.
This step comes with the renewed wave resurrection of the Pro-Crypto policies withdrawn by the United States, which wishes to create a Crypto capital. To see the need to stay competitive, Hong Kong’s control framework appears to come forward to resume the race.
New Crypto Asset Classification module for Banks
Hong Kong Monetary Authority (Hkma) has just released the public consultation document, introducing a new CRP-1, or “Crypto assets,” as part of its “controlled bank.”
This draft is designed to clarify Control Guidelines Related by bank capital requirements in accordance with the Basic Committee in Banking Supperieng’s, with full implementation expected in the early 2026.
HKMA aims to provide a systematic manner of management of the CRYPTO’s control, which is focused on those linked to the unregistered BlockChain technology, which is often referred to as community chains.
Faith, partner at King & Wood Law Firm and Teachers at the University of Hong Kong’s School of Law of Law, which is directly stolen interview with caixin.
It has highlighted that basic guidance will allow lowly the capital heads of the banks responsible for the Crypto property, as long as the remitters can show practical ways of risk management.
The Warm Document also emphasized the associated separation processes International Financial StandardsTo ensure that the Hong Kong Bank industry stays on international procedures.
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New Term in Law in Digital Assets
Hong Kong’s state of digital asset legislation and divide it from the country of China, which took a subtle way.
Earlier this year, the region introduced the Stablecoin Regulations, enforcing a stablcoin license to comply with the management of strong assets and ascet protocols.
This administrator is intended to promote financial stability and promote new in digital Asset fieldBuilding of the United States, in the Role and signing the intellectual law by President Donald Trump.
Chengy Og, the Head of Asia-Pacific Policy in Tachalysis, Emphasized The importance of stablcoins in a wide Crypto Ecosystem. He has revealed that the stableconomies do not only provide intensity but also assist traditional financial processes, such as financial border and residential, which are often administered ineffective.
Picture entered from Dall-e, chart from TradingView.com
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