Hong Kong is poised to reshape the global financial landscape with a groundbreaking move to ease crypto regulations for its banking sector. This bold shift signals a commitment to embracing digital assets and solidifying the city’s position as a global leader in financial innovation. 🇨🇭 📈 The Hong Kong Monetary Authority (HKMA) has proposed updating its banking supervision policy manual, introducing a significant change by allowing banks to hold cryptocurrencies issued on public blockchains. This move, however, comes with a critical condition: robust risk management systems must be put in place to handle these digital assets responsibly. 🛡️ If implemented after the consultation period, this could lead to relaxed capital requirement standards for banks as early as next year.