Hong Kong will fully implement new banking capital rules based on the Basel Committee's crypto regulations on January 1.
BlockBeats News, December 29, according to Caixin report, the Hong Kong Monetary Authority has confirmed that it will fully implement the new banking capital rules based on the Basel Committee on Banking Supervision's crypto asset regulatory standards in Hong Kong starting from January 1, 2026. The crypto assets defined by the Basel Committee are private "digital assets" that mainly rely on cryptography and distributed ledger technology or similar technology, while "digital assets" are defined as a digital representation of value that can be used for payment or investment purposes or to access goods or services. Not only Bitcoin, Ethereum, and other assets fall under the Basel Committee's definition of crypto assets, but RWAs, stablecoins, and others are also included.
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