The Hong Kong Monetary Authority Consults the Industry on the Revised Cryptocurrency Regulatory Policy Manual.

The Hong Kong Monetary Authority has issued 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 significant risk exposure rules. The manual categorizes crypto assets into two groups. The first group consists of tokens that are pegged to traditional assets and stablecoins with effective stability mechanisms, which will be treated similarly to equivalent traditional assets. The second group includes unsecured tokens such as Bitcoin and Ether, as well as ineligible tokenized assets and stablecoins, which will be subject to full capitalization and stricter treatment. Stablecoins licensed under Hong Kong's latest Stablecoin Ordinance will be considered lower-risk assets. Industry professionals can provide feedback on the revised rules until October 10.