Hong Kong Moves Toward Looser Bank Standards for Crypto in Bid To Cement Regional Dominance

Hong Kong to let banks hold stablecoins under softer rules. | Credit: Getty Images. Key Takeaways Hong Kong proposes easing banking rules for licensed stablecoins and select crypto assets. Consultation on CRP-1 framework open until November 2025, effective January 2026. HKMA divides crypto into two groups based on stabilization mechanisms and risk. Hong Kong is taking another step toward cementing its status as Asia’s crypto hub, proposing looser banking requirements for institutions holding licen ...