Regulatory Alerts2022-12-20
Added · Updated
Prudential treatment of cryptoasset exposures
The Hong Kong Monetary Authority issued this circular on 20 December 2022 to establish the prudential treatment of cryptoasset exposures for all authorized institutions. The document addresses the regulatory framework for virtual assets and fintech, referencing international standards such as the BCBS Statement on Crypto-Assets. It serves as a key regulatory update for financial institutions managing risks associated with cryptoassets under the jurisdiction of the HKMA.