Hong Kong Proposal to Let Insurers Invest Capital in Crypto, Infrastructure

The Hong Kong Insurance Authority recently announced its intent to allow insurance providers to invest capital in digital assets such as cryptocurrency and other risk ventures such as infrastructure. Under the proposal, insurance providers would pay a 100% risk charge, meaning they’d have to match every dollar invested in crypto or other approved vehicles 1-for-1 as a means to avoid risking policyholder funds. According to a report from Bloomberg, stablecoin investments would attract risk charges based ...