Hong Kong will fully implement new bank capital regulations based on the Basel Committee's crypto regulatory standards on January 1 next year.

[Hong Kong to Fully Implement New Bank Capital Regulations Based on Basel Committee's Crypto Asset Regulatory Standards on January 1, 2026] According to Caixin, the Hong Kong Monetary Authority (HKMA) has confirmed that it will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision's (BNP Paribas) crypto asset regulatory standards in Hong Kong starting 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. "Digital assets" are defined as a digital representation of value that can be used for payment or investment purposes or to obtain goods or services. Not only Bitcoin and Ethereum fall under the Basel Committee's definition of crypto assets, but also RWA, stablecoins, and others.