Hong Kong will fully implement new banking capital regulations based on the Basel Committee's cryptocurrency regulatory standards on January 1

The Hong Kong Monetary Authority has confirmed that it will fully implement new banking capital regulations based on the Basel Committee on Banking Supervision's standards for crypto asset regulation in Hong Kong starting from January 1, 2026.

Crypto assets, as defined by the Basel Committee, are private "digital assets" that primarily rely on cryptography and distributed ledger technology or similar technologies, while "digital assets" are defined as a form of digital value that can be used for payment or investment purposes or to obtain goods or services. Not only do Bitcoin, Ethereum, and others fall under the crypto assets defined by the Basel Committee, but RWA, stablecoins, and others are also included.