Insider: Hong Kong Monetary Authority Removes the Term 'Private' from Basel Committee's Definition of Crypto Assets, Expanding Regulatory Scope

【Insider: Hong Kong Monetary Authority Removes the Term 'Private' from Basel Committee's Definition of Crypto Assets, Expanding Regulatory Scope】 According to Golden Finance, the Hong Kong Monetary Authority recently issued a circular confirming that starting January 1, 2026, it will fully implement new bank capital regulations based on the Basel Committee's crypto asset regulatory standards in Hong Kong. The defined crypto assets are primarily 'digital assets' that rely on cryptography and distributed ledger technology or similar technologies, while 'digital assets' are defined as a form of digital value representation that can be used for payment or investment purposes or to acquire goods or services. Bitcoin, Ethereum, RWA, stablecoins, etc., all fall under the defined crypto assets. However, Fei Si, a lecturer at the University of Hong Kong Faculty of Law, stated in an exclusive interview with Caixin that the Hong Kong Monetary Authority's removal of the term 'private' from the Basel definition indicates that crypto assets issued by both the private and public sectors will be included within the scope of Hong Kong's crypto asset regulatory standards.