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Hong Kong Insurance Authority Proposes Rules for Insurers to Hold Cryptocurrencies

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Hong Kong’s Insurance Authority (IA) has proposed rules allowing insurers to hold cryptocurrencies under a 100% risk charge framework, effective December 4, 2025. The proposals, shared with the industry on December 4, 2024, will be open for public consultation from February to April 2026. The rules require full capital backing for crypto assets, with stablecoins treated differently based on their fiat pegs. The IA aims to integrate risk-on assets into the insurance sector, potentially reshaping investment strategies and Countering the Financing of Terrorism measures in Hong Kong’s crypto market.
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