🇭🇰 The Insurance Authority in Hong Kong proposes new rules aimed at tightening the handling of digital assets within the insurance sector, which includes imposing a 100% risk ratio on direct insurers' holdings of cryptocurrencies.

The goal of this step is to mitigate the risks associated with cryptocurrency market volatility and protect the financial solvency of insurance companies, especially in light of the increasing adoption of digital assets. Public consultations are scheduled to open from February to April, providing companies and investors the opportunity to express their opinions before the final rules are enacted.

This step reflects Hong Kong's cautious approach: supporting innovation on one hand, and tightening oversight and risk management on the other.

#HongKong #CryptoRegulationBattle #insurance #RiskManagement #DigitalAssets

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