Hong Kong is taking major steps to make crypto banking easier as it aims to be a global crypto hub in 2025. The Hong Kong Monetary Authority released a draft called CRP-1 on September 8, 2025, to guide banks on handling digital assets.
According to a report from financial news outlet Caixin, the new rules explain how banks can follow the Basel Committee standards starting in early 2026. At the same time, the guidelines could allow issuers of crypto using open blockchains to get lower bank capital requirements if they manage risks well.
The draft separates tokenized assets and stablecoins from other cryptocurrencies like Bitcoin and Ethereum. This means banks can treat safer coins differently under the rules. Hong Kong has also been tightening its rules for stablecoins.
On July 24, the HKMA banned ads for unlicensed stablecoins starting August 1. Chief Executive Eddie Yue warned that promoting or using such coins could have legal consequences.
Five days later, the HKMA said all stablecoin issuers must get a license and keep full reserves with a minimum capital of HK$25 million, roughly $3.2 million USD. The rules also require strong anti-money laundering steps to keep the market safe.
The Securities and Futures Commission joined the effort on August 15 by introducing new rules to protect digital assets on licensed trading platforms.
This draft guidance for banks focuses on crypto built on open blockchains and explains how they can follow global capital rules while managing risks effectively.
Hong Kong’s approach is more open than mainland China, which still bans crypto trading and mining. Experts say these steps show Hong Kong is serious about becoming a crypto leader. The HKMA is consulting local banks on the CRP-1 draft before the new rules start in 2026.
That said, this approach gives banks and issuers time to adjust. With clear rules for licensing, risk, and capital, Hong Kong aims to support crypto growth and keep the market stable.
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