PANews reported on December 29th that, according to Caixin, the Hong Kong Monetary Authority (HKMA) has confirmed that it will fully implement new bank capital PANews reported on December 29th that, according to Caixin, the Hong Kong Monetary Authority (HKMA) has confirmed that it will fully implement new bank capital
Hong Kong will fully implement new bank capital regulations based on Basel Committee's encryption regulatory standards on January 1.
PANews reported on December 29th that, according to Caixin, the Hong Kong Monetary Authority (HKMA) has confirmed that it will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision's (BBS) standards for crypto-assets in Hong Kong starting January 1, 2026. Crypto-assets, as defined by the BBS, are private "digital assets" that primarily rely on cryptography and distributed ledger technology or similar technologies. "Digital assets" are defined as a digital representation of value that can be used for payment or investment purposes or to obtain goods or services. Not only Bitcoin and Ethereum fall under the BBS's definition of crypto-assets, but also RWA, stablecoins, and others.
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