Hong Kong Deepens Crypto Hub Ambitions with Bank Capital Reform
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In a clear move to solidify its status as a crypto hub, Hong Kong‘s central bank has proposed lighter capital rules for banks holding digital assets.
The new draft policy, CRP-1, could allow crypto on permissionless blockchains to attract lower capital charges if risks are well-managed.
This development creates an even starker policy divergence with mainland China, where crypto trading and mining remain prohibited.
By crafting a sophisticated regulatory framework that includes licensed exchanges, stablecoin rules, and now bank-friendly capital requirements, Hong Kong is strategically positioning itself as a gateway for institutional digital asset finance in the region.
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