2025-12-30 04:20:14

#数字资产市场动态 The Hong Kong Monetary Authority has issued a major new regulation for 2026—its attitude towards banks entering the crypto asset space can be described as cold and pragmatic. Want to trade Bitcoin, Ethereum? You can, but high-risk positions require a capital reserve of 1250%, clearly a deterrent.

Interestingly, regulators have shown support for compliant stablecoins and RWA (Real World Asset tokenization). Hong Kong is evidently playing a larger game—strictly controlling risky speculation while supporting compliant innovation.

This gives institutions two options: either grit their teeth and raise substantial risk reserves to directly participate in the crypto market, or shift towards "safe" tracks like asset custody, stablecoin issuance, and RWA businesses. The institutional entry window is indeed open, but precise planning within a compliant framework is necessary.

What will banks do next? Will they choose to avoid high risks, or will they bet heavily to seize the compliant blue ocean market? Behind this decision reflects the entire financial sector’s true assessment of the future prospects of Web3.

BTC-2.35%

ETH-2.28%

RWA-2.9%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
7
Repost
Share

Comment

0/400

GasFeeCrier

· 2h ago

1250% reserve? Haha, Hong Kong is basically saying "Don't come"... but there is definitely potential in stablecoins and RWA. Banks will definitely shift towards the compliant blue ocean. The real judgment is: the crypto market is too wild; it's safer to focus on asset tokenization.

View OriginalReply0

AlgoAlchemist

· 2h ago

1250%？Hong Kong is basically saying "Don't come" openly, haha --- Regulatory-compliant stablecoins and RWA are the real focus of this wave; the era of speculation in the crypto market is changing --- If banks really dare to spend money on crypto trading, they are directly challenging regulators, which is not worth the risk --- Asset custody and RWA are what institutions truly want; the issuance rights of stablecoins are even more valuable --- It feels like Hong Kong is forcing everyone to be "good kids," and the space for innovation is actually being boxed in --- In simple terms, these rules mean: you can make money, but you must obey and not act recklessly --- If big banks were really all-in on crypto, they would have already done so; these rules show they are determined to take it slow --- RWA might be the next financial boom, much more stable than just speculating on coins

View OriginalReply0

SellLowExpert

· 2h ago

1250%？Haha, Hong Kong is clearly saying "Don't come" openly. However, stablecoins and RWA are indeed interesting; it feels like banks are shifting their focus. I just want to ask, do any banks really dare to allocate such reserves to play with coins? Might as well go all-in on stablecoins. It sounds like Hong Kong wants to be a good student in Web3, strictly controlling risks but not completely shutting the door—quite a clever approach. 1250% is outrageous, but on the flip side, RWA is real gold and silver. Asset custody businesses are much more stable. Bank executives probably will just pass on Bitcoin after seeing this number and switch to stablecoins instead. Regulatory blue ocean? Rather than calling it blue ocean, it's more like this is the only option Hong Kong is giving. Having been in the crypto space for years, this is the first time I see such a "friendly" way of discouraging participation, haha. If RWA really takes off, that will be the big show. Bitcoin and others might become just side branches. That 1250% figure is ridiculous. It seems like Hong Kong regulators are playing word games with banks. So in the end, it's the players in stablecoins and asset custody who profit, while the rest of the crypto market becomes cannon fodder?

View OriginalReply0

RooftopVIP

· 2h ago

1250% reserves? This is not doing business openly; it's basically closing the door and beating the dog. --- To put it simply, Hong Kong just wants to keep Bitcoin in a cage. Stablecoins and RWA are their new favorites. --- How will banks choose? Duh, they will definitely flock to the safer tracks. Who dares to really dive into the huge pit of the crypto market? --- Interestingly, once this rule is out, the guise of institutional compliance becomes even more legitimate. Even chopping leeks can be labeled as "risk control." --- So is RWA really about to take off? It just feels like traditional finance wearing a different disguise to enter the blockchain space. --- Hong Kong's move is indeed ruthless. Not a complete ban, nor full openness; just a tight clamp, waiting to see who will really take the risk. --- 1250%? That number looks outrageous, clearly indicating they don't welcome retail investors and institutions to play with tokens. --- Speaking of which, with this wave, the status of stablecoins is really about to appreciate. It seems the future ecosystem will rely on them. --- The regulatory authorities' changing attitude towards RWA is quite interesting. This is probably the future they truly want.

View OriginalReply0

HalfIsEmpty

· 2h ago

1250%？Bro, you're dreaming. Banks can't play with that. 2026 is still early, by then the rules will probably have changed again. Hong Kong's move is brilliant, freezing the old players in the crypto circle and opening the door for the compliant army. Only by doing this can stablecoins become a real gold mine. Whoever gets the first bite of RWA will profit. Banks will definitely choose the safe track. Who wants to pile up risk capital for BTC? Implying support without actually supporting is an old regulatory trick. I'm optimistic about asset custody; it's a real blue ocean.

View OriginalReply0

RooftopReserver

· 3h ago

1250% reserve requirement? Haha, isn't this a de facto ban? Hong Kong's approach is really clever. --- So Hong Kong's message is—let's go with stablecoins and RWA, no more of that crypto circle nonsense. --- Banks are probably torn—high interest rates versus compliance constraints. --- RWA is the right path, finally someone is pushing Web3 towards financial innovation. --- With this combination, what can retail investors still play with? --- Switching to stablecoins and asset custody is also good, at least it's stable. --- Hong Kong is still betting on the prospects of Web3, quite interesting. --- Institutions have to choose sides; there's no more room for ambiguity this time.

View OriginalReply0

POAPlectionist

· 3h ago

1250% Reserve Ratio? Hong Kong is directly discouraging crypto institutions; RWA is the real deal. 2. Banks need to weigh their options—whether to spend money on compliant stablecoins or just lie flat. This choice is quite tough. 3. Seeing through it all, strict regulation of speculation and support for innovation—Hong Kong government just wants to turn Web3 into a formal financial sector. Such tactics are obvious. 4. With RWA on the rise, the days of the crypto market might become even tougher. Is compliant business actually more profitable? 5. Once these rules are in place, small traders might have no way out. Institutional players are the ultimate winners. 6. So, stablecoin issuers should be quietly celebrating now—regulatory support is on their side. 7. 1250% is just a scare tactic; big institutions still have ways to bypass it. 8. RWA is just traditional finance wearing a blockchain disguise; the soul of Web3 is lost. 9. Hong Kong’s move was well played—separating risk management from innovation. No wonder big cities remain big cities. 10. Asset custody is the future; trading coins is ultimately a side path.

View OriginalReply0