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Hong Kong Advances Framework for Insurer Crypto Investments
Hong Kong Advances Framework for Insurer Crypto Investments
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BTCCSquare news:
Hong Kong regulators are drafting rules to permit insurance companies to allocate capital to cryptocurrencies, marking a pivotal step toward institutional adoption of digital assets. The proposed framework WOULD mandate stringent risk controls, including capital reserves, to mitigate volatility exposure.
This move aligns with Hong Kong's broader strategy to establish itself as a crypto hub while maintaining rigorous safeguards. By enabling insurers to participate, authorities aim to bridge traditional finance with digital asset markets—a signal of growing institutional confidence in crypto's long-term viability.
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