Hong Kong plans to optimize crypto asset capital regulation to help banks accept compliant stablecoins

Jinse Finance reported that on September 8, 2025, the Hong Kong Monetary Authority issued a consultation draft of the new module CRP-1 "Crypto Asset Classification" in the "Supervisory Policy Manual" (SPM) to the local banking industry. This draft aims to address the new bank capital requirements under the Basel Committee on Banking Supervision's crypto asset regulatory standards, which are set to be implemented in early 2026. The draft regulatory guidelines clearly state that in the future, stablecoins that are granted compliant licenses by the Hong Kong Monetary Authority under the "Stablecoin Ordinance" will be classified as crypto assets with lower risk exposure, and will enjoy significantly lower bank capital requirements compared to the original classifications under the "Banking (Capital) Rules." Industry insiders pointed out that the timely issuance of these guidelines by the Hong Kong Monetary Authority clarifies that banks holding compliant stablecoins are likely to benefit from lower capital requirements, creating favorable conditions for the use and circulation of compliant stablecoins within Hong Kong's banking system.