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Caixin: Hong Kong Plans to Optimize Capital Requirements for Crypto Assets to Help Banks Embrace Compliant Stablecoins

2025-09-11 09:50

BlockBeats News, September 11th. According to Caixin, on September 8th, the Hong Kong Monetary Authority issued a consultation paper for a new module CRP-1 "Classification of Crypto Assets" in the Banking Sector Regulation Policy Manual (SPM), aiming to further clarify regulatory guidance on the new banking capital rules related to the Basel Committee's Cryptocurrency Regulation Standard, which is set to be implemented in early 2026.


The new rules will classify crypto assets into two groups, each further divided into two sub-groups (Group 1a, Group 1b, Group 2a, Group 2b). According to the amended Hong Kong Banking (Capital) Rules, Group 1a consists of tokenized traditional assets, Group 1b consists of stablecoins with an effective stabilization mechanism; Group 2 assets include all reserve-less crypto assets such as Bitcoin and Ethereum, as well as any tokenized traditional assets and stablecoins that do not meet the classification criteria. Through a set of approved hedging criteria, Group 2 is further subdivided into 2a (limited recognition hedging) and 2b (unrecognized hedging).

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