Hong Kong plans to optimize capital supervision of crypto assets to help banks accept compliant stablecoins

According to Foresight News, according to Caixin, the Hong Kong Monetary Authority issued a draft for comments on the new module of the "Banking Regulatory Policy Manual" (SPM) to the local banking industry on September 8, and plans to further clarify regulatory guidelines for the new regulations on bank capital of the Basel Banking Regulatory Commission's cryptoasset regulatory standards to be implemented in early 2026.

The new regulations divide crypto assets into two groups, each subdividing them into two groups (Group 1a, Group 1b, Group 2a, Group 2b). Group 1a is tokenized traditional assets, and Group 1b is stablecoins with an effective stability mechanism; Group 2 assets include all crypto assets without reserve support such as Bitcoin and Ethereum, as well as any tokenized traditional assets and stablecoins that do not meet the classification conditions. Through a set of hedging recognition standards, it is further subdivided into two groups: 2a (held limited recognition) and 2b (held not recognized).

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