[Hong Kong Plans to Optimize Crypto Asset Capital Regulations to Help Banks Accept Compliant Stablecoins] Golden Finance reports that on September 8, 2025, the Hong Kong Monetary Authority (HKMA) issued a consultation draft of a new module, CRP-1 "Crypto Asset Classification," under the "Supervisory Policy Manual" (SPM) to the local banking industry. This draft aims to implement the Basel Committee on Banking Supervision's new crypto asset capital regulations, which are set to take effect in early 2026. The draft regulatory guidelines specify that stablecoins licensed by the HKMA under the "Stablecoin Ordinance" will be classified as a lower-risk crypto asset category. These stablecoins will be subject to significantly lower capital requirements compared to the existing classifications under the "Banking (Capital) Rules." Industry insiders have noted that the HKMA's timely issuance of these guidelines clarifies that banks holding compliant stablecoins are likely to benefit from reduced capital requirements. This move creates favorable conditions for the use and circulation of compliant stablecoins within Hong Kong's banking system.