Gazettal of banking amendment rules to implement Basel cryptoassets standard
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The amendment rules seek to implement the capital standards and the associated requirements on disclosure and exposure limits promulgated by the BCBS in relation to the prudential treatment of cryptoasset exposures, which are scheduled to take effect from January 1, 2026, in accordance with the BCBS timeline.
The opportunity is also taken to include certain amendments in the Banking (Capital) Rules (Cap. 155L) and Banking (Exposure Limits) Rules (Cap. 155S) for better aligning the capital framework with international practices, as well as ensuring the effective operation of the exposure limits framework as informed by implementation experiences, industry feedback and regulatory developments.
A Government spokesperson said, "The amendment rules aim at providing a robust and prudent regulatory framework in line with international standards for banks' exposures to cryptoassets that promotes responsible innovation while preserving financial stability."
A Hong Kong Monetary Authority spokesperson added, "In formulating the amendment rules, we have conducted several rounds of consultations with the industry and taken local circumstances into account."
The amendment rules will be tabled at the Legislative Council on July 16, 2025. They will take effect on January 1, 2026.
Ends/Friday, July 11, 2025
Issued at HKT 12:00
Issued at HKT 12:00
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