Hong Kong's insurance watchdog is considering stricter capital adequacy standards and introducing specific risk charges for crypto holdings. The move reflects growing scrutiny around how financial institutions should treat digital asset exposure on their balance sheets. This development could reshape how insurers in the region manage and price cryptocurrency-related risks, potentially setting a precedent for broader regulatory approaches across Asia's financial centers.
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Hong Kong's insurance watchdog is considering stricter capital adequacy standards and introducing specific risk charges for crypto holdings. The move reflects growing scrutiny around how financial institutions should treat digital asset exposure on their balance sheets. This development could reshape how insurers in the region manage and price cryptocurrency-related risks, potentially setting a precedent for broader regulatory approaches across Asia's financial centers.