Hong Kong is moving to become the first jurisdiction in Asia to establish explicit regulations allowing insurance companies to invest in cryptocurrencies, according to a Bloomberg report. The Hong Kong Insurance Authority (IA) is proposing new rules that would channel insurance capital into digital assets, including cryptocurrencies and stablecoins. Cautious Green Light for Insurers, Not Prohibition Under the proposal, crypto assets would carry a 100% risk charge, requiring insurers to set aside capital reserves equivalent to the value of any crypto investments. The charge may appear restrictive, but industry observers note it represents regulatory approval rather than a ban
source: https://beincrypto.com/insurers-get-crypto-rules-in-hong-kong/