tldr; Hong Kong's insurance regulator is proposing new rules to allow insurers to invest in cryptocurrencies and local infrastructure under strict capital requirements. Direct crypto holdings would face a 100% risk capital charge, while stablecoins would have more favorable treatment based on their fiat backing. The framework also incentivizes investments in infrastructure projects like the Northern Metropolis. The proposals are in the feedback stage, with public consultation planned for 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Hong Kong's insurance regulator is proposing new rules to allow insurers to invest in cryptocurrencies and local infrastructure under strict capital requirements. Direct crypto holdings would face a 100% risk capital charge, while stablecoins would have more favorable treatment based on their fiat backing. The framework also incentivizes investments in infrastructure projects like the Northern Metropolis. The proposals are in the feedback stage, with public consultation planned for 2026.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.