Hong Kong Moves to Compete Globally by Softening Crypto Rules for Local Lenders
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- HKMA proposes CRP-1 easing Basel crypto capital rules for banks
- Hong Kong spot ETFs grow as regulators push softer crypto rules
- Basel standards seen as too strict; Hong Kong moves to compete
The Hong Kong Monetary Authority (HKMA) has put forward a supervisory policy known as CRP-1, designed to make it easier for banks to handle crypto assets. The draft framework lays out how lenders can classify tokens under the Basel Committee on Banking Supervision (BCBS) standards, which are due to take effect in early 2026.
Under current Basel rules, banks must hold a dollar in capital for every dollar of volatile crypto exposure, an approach many see as too restrictive. CRP-1 would let certain assets like Bitcoin (BTC) and Ethereum (ETH) qualify for lighter treatment, giving banks room to expand into crypto without tying up as much capital
Why Hong Kong Wants Softer Basel …
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