[Hong Kong Monetary Authority Releases Crypto Asset Regulatory Policy Manual] The Hong Kong Monetary Authority has issued a revised regulatory policy manual, clarifying the classification of crypto assets under the Basel capital rules. Starting from 2026, Hong Kong will adjust capital, disclosure, and risk exposure rules to implement the Basel framework. Crypto assets are divided into two groups: the first group includes tokens linked to traditional assets and compliant stablecoins; the second group consists of unsecured tokens and non-qualifying assets, which require full capitalization. Industry participants can submit their opinions by October 10.