The Hong Kong Monetary Authority plans to implement the new regulations on Basel's crypto asset capital on January 1, 2026, which may affect the willingness of bank stablecoins and RWA asset management

According to Foresight News, according to Caixin, the Hong Kong Monetary Authority recently issued a circular to determine that the new bank capital regulations based on the Basel Banking Regulatory Commission's crypto asset supervision standards will be fully implemented in Hong Kong from January 1, 2026. Not only Bitcoin, Ethereum, etc. are crypto assets defined by the Basel Committee, but also RWA, stablecoins, etc. are included. Industry insiders pointed out that Ethereum is a typical representative of licenseless blockchain technology, and almost all mainstream stablecoins and more and more RWAs are generally issued on public chains. With the expectation that the new regulations are implemented as scheduled, the willingness of the Hong Kong banking system to hold such stablecoins or RWAs will inevitably be affected.


However, both the Basel Committee and the Hong Kong Monetary Authority have made it clear that the Basel crypto asset regulatory standards generally do not require credit risk or market risk regulatory capital requirements for crypto assets custodial by banks for customers, but the premise is that the client's crypto assets need to be isolated from the bank's own assets.

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