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Hong Kong's Insurance Authority Proposes 100% Risk Capital Requirement for Crypto Assets

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Hong Kong's Insurance Authority is proposing a 100% risk capital requirement for crypto assets, according to a Bloomberg report citing a presentation document from December 4. The regulator is encouraging insurance capital to flow into risk-on assets like cryptocurrencies and infrastructure. Stablecoin investments will face risk rates based on the fiat currency they are pegged to. Risk-off assets will also be considered in the capital allocation framework.
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