Ah, how very generous of the Hong Kong Monetary Authority! With a delightful flourish, they have unveiled a draft guidance-one might even say a gift-proposing the softening of capital requirements for banks holding certain crypto assets. Imagine, if you will, the audacity of it: banks may now enjoy a much-needed respite from the burdens of capital buffers, should these cryptos be so fortuitously built upon permissionless blockchains and their issuers dare to engage in strong, well-meaning risk management. How very responsible of them! 💁♀️
It seems the goal, ever so noble, is to ensure that crypto adoption by banks proceeds with all the safety and decorum expected of such a progressive venture. Hong Kong, with its unflagging ambition, seeks to cast itself as the shining beacon-a veritable paragon-of the crypto world. How lucky for us! The draft guidance, like an invitation to an exclusive soiree, is open for public consultation, with full implementation expected by 2026. Let us all, undoubtedly, await the result with bated breath. 🧐
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2025-09-11 15:09