Hong Kong's Central Bank Plans to Ease Rules on Banks' Crypto Holding: Report

Group 1 - The Hong Kong Monetary Authority (HKMA) is planning to ease capital requirements for banks holding cryptocurrencies, with a draft paper released for public comment [1][2] - The new guidelines aim to lower capital requirements if issuers implement appropriate risk prevention and response measures [2] - This regulatory shift could further establish Hong Kong as a global leader in cryptocurrency adoption [3] Group 2 - Hong Kong's regulatory framework for cryptocurrencies is becoming more supportive, as evidenced by the recent guidance on stablecoins that took effect last month [2] - The HKMA has not provided comments regarding the new capital requirement proposals [3]