$LPT $AAVE $ACT 🚨🔥 🇭🇰Hong Kong Proposes New Rules to Tap Insurance Capital Into Cryptocurrencies 🇭🇰💰
Hong Kong🇭🇰 is making a bold move 🚀 as it considers new regulations to allow insurance companies to invest in cryptocurrencies and digital assets 🔗🪙—a step that could significantly boost institutional crypto adoption across Asia 🌏📈
🛡️ The proposal includes a 100% risk charge on direct crypto holdings, meaning insurers must reserve $1 for every $1 invested 💵⚖️—ensuring strong risk management while entering the digital asset space.
🗓️ Public consultation on these rules will take place from February to April 2025, giving industry players a chance to weigh in 🗣️🤝
📜 Legislative submissions are expected later in 2025, potentially paving the way for a major shift in how traditional finance engages with crypto.
🔥 If approved, this could unlock billions in insurance capital 💎 into the crypto market—making Hong Kong a leading global crypto-finance hub 🌐🚀
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