Haciyev Reşit 
Hong Kong is taking a new step to accelerate the integration of crypto assets into its financial system. According to local media reports, the Hong Kong Monetary Authority (HKMA) has released a draft guideline proposing softer capital requirements for banks holding certain crypto assets.
Alignment with Basel Standards
As reported by financial news outlet Caixin, the HKMA on Monday published a consultation paper introducing the CRP-1 supervisory policy module. This framework outlines how the Basel Committee on Banking Supervision’s global capital standards will be applied in Hong Kong. The international rules are scheduled to take effect in early 2026.
A More Flexible Approach
Under the draft guideline:
- Crypto assets built on permissionless blockchain networks,
- Provided their issuers implement effective risk management and mitigation measures,
may qualify for lower capital requirements.
This move is seen as part of Hong Kong’s broader strategy to position itself as a leading crypto hub.
Regional Differences
While Hong Kong has been rolling out licensing frameworks for crypto exchanges and stablecoin issuers, mainland China continues to maintain its ban on crypto trading and mining.
In August, the Hong Kong Securities and Futures Commission (SFC) also required licensed crypto platforms to implement stronger custody measures to safeguard client assets.
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