According to ChainCatcher, 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 (BBS) crypto asset regulatory standards in Hong Kong starting January 1, 2026.
The Basel Committee defines crypto assets as 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 acquire goods or services. Not only Bitcoin and Ethereum fall under the Basel Committee's definition of crypto assets, but also RWA, stablecoins, and others.
