Hong Kong will fully implement new bank capital regulations based on Basel Committee's crypto regulatory standards on January 1

PANews December 29 News, according to Caixin, the Hong Kong Monetary Authority has confirmed that starting from January 1, 2026, it will fully implement new bank capital regulations in Hong Kong based on the Basel Committee on Banking Supervision’s standards for crypto-asset regulation. The crypto assets as defined by the Basel Committee are primarily private “digital assets” that rely on cryptography and distributed ledger technology or similar technologies, while “digital assets” are defined as a digital form of value that can be used for payments, investment purposes, or to acquire goods or services. Not only Bitcoin, Ethereum, and other cryptocurrencies are included as crypto assets under the Basel Committee’s definition, but also RWA, stablecoins, and others.