#MarketRebound
🚨🏛️ Major Regulatory & Policy Moves🚨
📊 Basel-Aligned Crypto Capital Rules Effective
Hong Kong’s financial regulator (HKMA) implemented Basel Committee-aligned crypto capital standards on Jan 1, 2026, requiring banks and financial institutions to treat crypto assets (BTC, ETH, stablecoins, tokenized assets) under internationally recognized capital frameworks — a global first for Asia.
Phemex
⚖️ Stablecoin Regulatory Framework in Force
Hong Kong passed a new Stablecoins Bill in 2025 to create a licensing regim
e for fiat-referenced stablecoins, with enforcement and issuance requirements now in effect.
hongkong.dentons.com +1
Regulators aim to set a high bar for stablecoin licenses, meaning only a limited number will be granted initially (expected early 2026).
China Daily
The ordinance mandates full reserve backing, strong anti-money-laundering (AML) and customer protections for stablecoin issuers.
CCN.com
🏦 Insurance & Institutional Capital Rules
Hong Kong’s Insurance Authority is proposing new crypto capital requirements for insurers, potentially including a 100 % risk charge on direct crypto holdings, while providing frameworks to channel capital into regulated digital asset infrastructure.
Bloomberg +1
📈 Licensing Expansion for Crypto Services
Hong Kong’s Securities & Futures Commission (SFC) continues to broaden licensing for crypto exchanges, custodians and trading venues as part of its digital asset hub strategy — though compliance and costs remain high.
