The Hong Kong Monetary Authority has consulted the industry on its revised crypto-asset regulatory policy manual.

Odaily Planet Daily News: The Hong Kong Monetary Authority (HKMA) has released a new regulatory policy manual outlining the classification of crypto assets under the Basel capital rules. From January 1, 2026, Hong Kong will implement the Basel framework by revising its capital, disclosure and significant exposure rules. The manual divides crypto assets into two groups. The first group is tokens linked to traditional assets and stablecoins with effective stabilization mechanisms, which will be treated similarly to equivalent traditional assets. The second group is unsecured tokens such as Bitcoin and Ethereum, as well as non-qualified tokenized assets and stablecoins, which will be fully capitalized and treated more strictly. Stablecoins licensed under Hong Kong's latest "Stablecoin Ordinance" will be regarded as lower-risk assets. Industry insiders can comment on the revised rules before October 10. (Jinshi)