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The Basel Committee for Banking Supervision has proposed new criteria for stablecoins, aiming to differentiate them from more volatile cryptocurrencies like Bitcoin.
The Basel Committee on Banking Supervision has proposed standardized disclosure templates for major banking institutions regarding their crypto asset exposure, aiming for implementation by 2025.
In a consultative document, the Basel Committee said the measures would reduce information asymmetry among banks and market participants. Financial institutions might soon be required to disclose their exposure to cryptocurrencies. The Basel Committee on Banking Supervision, headquartered at the…
International regulators propose new transparency measures for banks' crypto asset exposures, following a tumultuous year marked by banking disruptions linked to digital currencies.
The Basel Committee for Banking Supervision (BCBS) announced that its global crypto banking rules would be implemented as of January 1, 2025.