Wu Blockchain (@WuBlockchain): According to Bloomberg, the Hong Kong Insurance Authority is proposing a set of new rules to channel insurance capital into assets including cryptocur…
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According to Bloomberg, the Hong Kong Insurance Authority is proposing a set of new rules to channel insurance capital into assets including cryptocurrencies and infrastructure. Under a presentation document, the regulator would apply a 100% risk capital charge to crypto assets, while stablecoin investments would be subject to risk charges based on the fiat currency to which they are pegged. https://twitter.com/i/web/status/2002990638707650746