Regulatory Alerts2025-08-15
Added · Updated
Rules on cryptoassets standard and other updates
The Hong Kong Monetary Authority informs authorized institutions that the negative vetting period for the Banking (Capital), (Disclosure), and (Exposure Limits) (Amendment) Rules 2025 has expired without extension. These amendments, which implement the cryptoassets standard and other regulatory updates, are scheduled to come into operation on 1 January 2026. The directive serves as formal notification following the initial correspondence sent on 11 July 2025 regarding the legislative timeline.
55th Floor, Two International Finance Centre, 香 港 中 環 金 融 街 8 號 國 際 金 融 中 心 2 期 55 樓 8 Finance Street, Central, Hong Kong 網 址：www.hkma.gov.hk Website: www.hkma.gov.hk Banking Policy Department Our Ref: B1/15C, B9/75C, B9/151C, B9/188C 15 August 2025 The Chief Executive All Authorized Institutions Dear Sir/Madam, Rules on cryptoassets standard and other updates Further to our letter of 11 July 2025, I write to inform you that the 28-day period for the negative vetting of the following rules by the Legislative Council has expired without extension: • Banking (Capital) (Amendment) Rules 2025; • Banking (Disclosure) (Amendment) Rules 2025; and • Banking (Exposure Limits) (Amendment) Rules 2025. As mentioned in the letter, the rules will come into operation on 1 January 2026. Yours faithfully, Donald Chen Executive Director (Banking Policy) cc: The Chairperson, The Hong Kong Association of Banks
2 The Chairperson, The DTC Association FSTB (Attn: Mr Timothy Wong)