News list for "Basel Committee on Asset Definition"

Industry insiders: Hong Kong Monetary Authority removes the word "private" from the Basel Committee's definition of cryptoassets, expands the scope of supervision

The Hong Kong Monetary Authority recently issued a circular confirming that the new bank capital base regulations based on the Basel Committee on Banking Supervision's crypto asset regulatory standards will be fully implemented in Hong Kong from January 1, 2026. Crypto assets are private "digital assets" that rely primarily on cryptography and distributed ledger technology or similar technologies, while "digital assets" are defined as those that can be used for payment or investment purposes or ...

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2025-08-24 04:54:49
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