The Hong Kong Monetary Authority has launched the new CRP-1 regulation, aimed at standardizing encryption asset supervision, providing more opportunities for compliance assets, while establishing strict capital requirements for high-risk assets. The new regulation emphasizes the balance between innovation and Risk Management, promoting the integration of TradFi and the crypto market, and providing a reference for global regulation.

The Hong Kong Monetary Authority has introduced the new CRP-1 regulation, which clarifies the regulatory scope and risk classification of encryption assets, enhancing industry risk control and aiming to align with international standards. This will impact users' trading choices and asset security, promoting compliance and transparency. It is expected that in the future, Hong Kong will optimize regulation, balancing protection and innovation.

CRP-1 aims to align with international regulatory standards and establish a regulatory system that balances innovative development with risk control, providing clear guidance for the banking sector's participation in the encryption asset business. This article is derived from a piece written by the law team of Xiao Sa, organized and drafted by Deep Tide TechFlow. (Background: Hong Kong Financial Secretary Xu Zhengyu: OTC operators do not belong to "recognized providers" and are not allowed to offer stablecoin to investors.) (Additional background: Hong Kong's "Stablecoin Regulations" have started, is USDT and USDC illegal now?) Driven by the wave of technological innovation, the global encryption asset market has rapidly expanded, while at the same time, a series of risk issues such as severe price fluctuations and money laundering have emerged, making the demand for effective regulation particularly urgent. In September 2025, the Hong Kong Monetary Authority (HKMA) issued a new module CRP-1 in the "Banking Regulatory Policy Manual" (SPM) to the local banking industry.

HKMA draft groups crypto into tokenized assets, stablecoins, and non-reserve backed categories. Framework sets capital rules for banks engaging with digital assets. Proposal aligns with Basel standards and may take effect in early 2026. The Hong Kong Monetary Authority (HKMA) has released a draft

The Hong Kong Monetary Authority has released a draft for the new module CRP-1, which refines the classification of Crypto Assets and seeks public opinion, aiming to align with international standards. These rules will drop the barriers for banks to participate in digital assets, promote Compliance among Financial Institutions, and enhance Hong Kong's position in the global Crypto Assets competition.

As an international financial center, Hong Kong continues to be at the forefront of virtual asset regulation. On September 8, 2025, the Hong Kong Monetary Authority (HKMA) issued a consultation draft of the new module CRP-1 "Classification of Cryptographic Assets" in its "Supervisory Policy Manual" (SPM) to the local banking industry, indicating that Hong Kong will further optimize the capital regulation of encryption assets. The Secretary for Financial Services and the Treasury, Christopher Hui, also clearly pointed out that currently, only "approved providers" can offer designated stablecoins, and reminded the public that the risk of purchasing stablecoins through unregulated channels is borne by the individual. All of this shows that Hong Kong is gradually establishing a more rigorous and internationally compliant regulatory framework for virtual assets, bringing stability to the market, but also setting higher requirements for investors.