Veil

Bank

<p>The Basel Committee, under the aegis of the Bank for International Settlements (BIS), has just approved an innovative framework for the disclosure of banks’ crypto exposures. This decision marks a turning point in the regulation of the digital asset market, aimed at enhancing transparency and risk management.</p>
<h2 id="h-a-decisive-step-towards-transparency-in-the-banking-sector">A decisive step towards transparency in the banking sector</h2>
<p>The adoption of this new framework by the Basel Committee, the world’s leading authority on <a href="https://www.cointribune.com/la-banque-des-reglements-internationaux-promeut-les-cbdc-contre-les-cryptomonnaies/" target="_blank" rel="noopener noreferrer nofollow">banking regulation</a>, underscores the growing importance of crypto in the financial system. Scheduled for implementation in early 2026, this framework will require banks to disclose detailed information about their activities related to crypto assets.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The framework includes a set of publicly accessible tables and templates, providing a clear overview of banks’ exposures to digital assets. This initiative aims to enhance market discipline and facilitate risk assessment, addressing regulators’ concerns over the rise of the crypto sector.</p>
<p><a href="https://www.cointribune.com/en/crypto-94-of-central-banks-are-on-the-verge-of-issuing-cbdcs/" target="_blank" rel="noopener noreferrer nofollow">Banks</a> will need to provide both qualitative and quantitative information, allowing for a comprehensive understanding of their involvement in the crypto space.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-targeted-revisions-of-the-prudential-standard-for-crypto">Targeted revisions of the prudential standard for crypto</h2>
<p>Alongside the disclosure framework, the Basel Committee has also approved changes to the prudential standard for cryptos. These adjustments aim to clarify the criteria allowing stablecoins to receive preferential regulatory treatment, classified under the “group 1b” category.</p>
<p>This revision highlights regulators’ intent to adapt the regulatory framework to the rapid evolution of the crypto market. It offers greater flexibility for <a href="https://www.cointribune.com/en/crypto-stablecoins-on-track-to-conquer-10-of-the-monetary-market/" target="_blank" rel="noopener noreferrer nofollow">stablecoins</a>, recognizing their potential role in the financial system while maintaining strict prudential requirements.</p>
<p>In summary, the updated version of the standard, expected by the end of the month, will specify these changes and their impact on the regulatory treatment of different types of <a href="https://www.cointribune.com/en/the-crypto-market-is-collapsing-bitcoin-and-ether-in-free-fall/" target="_blank" rel="noopener noreferrer nofollow">digital assets</a>.</p>

The BRI Lifts the Veil on Banks’ Crypto Activities: What Will Change?

Table of Contents

Cointribune EN

Egyéb ezen a dátumon (2024. júl. 4.) megosztott cikkek

Stellar Facilitates Efficient Asset Transfers with XLM

HBAR Price Analysis: Big Gain or Big Drop? Time to Decide for Hedera

Venom Expands into India with Dual Listings on WazirX and CoinDCX

Will Bitcoin hold 200 EMA or hit the $53,000 level?

Which is the Best Crypto Right Now? BlockDAG’s 1300% Price Surge Pulls in Shiba Inu Holders, Beat...

MANTRA Chain and MAG Group Tokenize $500M UAE Real Estate

Join our free newsletter for daily crypto updates!