Regulatory Alerts2026-06-03
Added · Updated
SPM CRP-1: Update on Cryptoassets Classification Conditions
The Hong Kong Monetary Authority issued an update to Supervisory Policy Manual CRP-1 regarding the classification of cryptoassets. The regulator clarified that the requirement for tokenised traditional assets on permissionless blockchains to be approved by a financial market regulator is also satisfied if the associated business activities are subject to appropriate regulatory oversight. This interpretation is effective immediately and will be formally reflected in the manual's wording in due course.