meta_id 3208430

On June 3, 2026, the Hong Kong Monetary Authority (HKMA) published an update to its cryptoassets classification conditions guidance. The update, issued as part of the HKMA's Standards and Guidance Memorandum (SPM) framework, amends the existing CRP-1 Classification of Cryptoassets document, which was previously updated on November 27, 2025. The update applies to all authorized institutions operating in Hong Kong and addresses capital adequacy requirements related to cryptoassets. As part of its regulatory framework, the HKMA classifies cryptoassets to determine how authorized institutions must treat these assets for capital adequacy purposes. The classification conditions establish criteria that institutions must apply when assessing cryptoassets on their balance sheets and calculating regulatory capital requirements. This update reflects the HKMA's ongoing efforts to maintain clear regulatory standards for the treatment of digital assets within Hong Kong's banking system. The guidance is part of the HKMA's broader supervisory framework covering capital adequacy, which includes requirements for capital bases, credit risk management, market risk, and operational risk. The classification framework ensures that authorized institutions apply consistent methodologies when evaluating cryptoassets and determining appropriate capital provisions. Authorized institutions should review the updated CRP-1 guidance to ensure compliance with the revised classification conditions. The document is available in the HKMA's Banking Regulatory Document Repository and supersedes previous versions of the cryptoassets classification guidance. REFERENCES: Hong Kong Monetary Authority Banking Regulatory Document Repository: https://www.hkma.gov.hk/