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no one’s talking about hong kong going full degen mode letting insurers YOLO into crypto with a 100% risk charge
hong kong diving into crypto investments for insurers: proposed rules aim to attract capital through risk charges on crypto, different fees for stablecoins pegged
Hong Kong considers allowing insurers to invest in cryptocurrencies and infrastructure to boost its position in digital assets. The proposed rules aim to attract insurance capital into digital assets with a 100% risk charge on crypto investments. Stablecoins would have different risk fees based on the fiat currency they are pegged to. The city’s plan also includes incentives for investments in Hong Kong and mainland projects. Hong Kong is preparing for stablecoin licenses, but Beijing’s regulations may impact the industry’s growth.
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