Odaily Planet Daily reported that the Hong Kong Monetary Authority issued a draft of the new module CRP-1 "Classification of Crypto Assets" of the "Banking Supervisory Policy Manual" (SPM) to the local banking industry on September 8, intending to further clarify the regulatory guidelines for the new bank capital regulations of the Basel Committee on Banking Supervision's crypto asset regulatory standards, which will be implemented in early 2026.

The new regulations divide crypto assets into two groups, each of which is further divided into two subgroups (Group 1a, Group 1b, Group 2a, and Group 2b). According to the revised Hong Kong Banking (Capital) Rules, Group 1a comprises tokenized traditional assets, and Group 1b comprises stablecoins with effective stabilization mechanisms. Group 2 assets include all crypto assets not backed by reserves, such as Bitcoin and Ethereum, as well as any tokenized traditional assets and stablecoins that do not meet the classification criteria. Using a set of hedging recognition criteria, these assets are further divided into Group 2a (limited hedging recognition) and Group 2b (unrecognized hedging). (Caixin)