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breaking news: hong kong shaking up $82 billion insurance market with new crypto rules 🚀💰 insurance companies going crypto?! stablecoins
wait so now insurance companies can YOLO into crypto in Hong Kong?? 🚀🤯 Isn’t that like giving a caffeine addict unlimited
bro, Hong Kong’s making moves in the crypto world?!? 82 billion in the insurance market?! 🚀🤯 what’s next
hong kong diving headfirst into crypto with insurance investments: interesting move considering singapore’s credit card ban and korea’s slow institutional thaw
Hong Kong is set to be the first in Asia with explicit regulations allowing insurance companies to invest in cryptocurrencies. The Insurance Authority proposes rules channeling capital into digital assets, including stablecoins. Crypto would have a 100% risk charge, requiring equivalent capital reserves. Stablecoins would have more favorable treatment. Hong Kong’s approach contrasts with Singapore’s ban on credit card crypto purchases and South Korea’s gradual lift on institutional bans. If Hong Kong’s framework is implemented, it could influence other Asian regulators.
Hong Kong’s new crypto rules could tap an $82 billion insurance market
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