The Hong Kong Monetary Authority has issued a consultation paper on the classification of crypto assets, proposing to categorize crypto assets into two groups

ChainCatcher news, according to Caixin reports, the Hong Kong Monetary Authority has issued a consultation draft of the new module CRP-1 "Classification of Crypto Assets" in the "Banking Supervisory Policy Manual" (SPM) to the local banking industry, aiming to further clarify regulatory guidelines for the new bank capital rules on crypto asset regulation set to be implemented in early 2026 by the Basel Committee on Banking Supervision (hereinafter referred to as the "Basel Committee").

The new rules categorize crypto assets into two groups, each further divided into two subgroups (Group 1a, Group 1b, Group 2a, Group 2b). According to the revised Hong Kong "Banking (Capital) Rules," Group 1a consists of tokenized traditional assets, while Group 1b includes stablecoins with effective stabilization mechanisms; Group 2 assets encompass all unbacked crypto assets such as Bitcoin and Ethereum, as well as any tokenized traditional assets and stablecoins that do not meet classification criteria, further subdivided into 2a (limited recognition of hedging) and 2b (unrecognized hedging) through a set of recognized hedging criteria.