Hong Kong Proposes Crypto Classification and Capital Rules for Banks

On Monday, the Hong Kong Monetary Authority issued a draft of the new module CRP-1. It defines the “Classification of Crypto Assets” in the “Banking Supervisory Policy Manual” (SPM) to the local banking industry for public comment, as reported by a local media outlet. New Crypto Consultation Paper in Hong Kong  The HKMA released a … source: https://coinpedia.org/news/hong-kong-proposes-crypto-classification-and-capital-rules-for-banks/