Bank

Cryptocurrency

Wednesday

The Basel Committee on Banking Supervision, the world's leading standard setter for bank risk assessment, has approved a new disclosure framework for bank exposure to cryptocurrencies.
This framework is planned to be implemented in early 2026, as central banks around the world aim to strengthen market discipline and ensure sufficient information is available for risk assessment.
The committee, which is part of the Bank for International Settlements (BIS), announced in a press release on Wednesday that it will release more details later this month. The framework, which includes a set of publicly available tables and templates detailing banks' cryptocurrency exposures, was completed following a review of responses to a consultation first published in December 2022. The framework requires banks to disclose both qualitative information about their crypto activities and quantitative information about their exposure to cryptocurrencies.
Related News: <a href="https://en.bitcoinsistemi.com/binance-responds-to-confusion-about-turkeys-new-cryptocurrency-regulation-will-users-still-be-able-to-use-binance/" target="_blank" rel="noopener noreferrer nofollow">Binance Responds to Confusion About Turkey's New Cryptocurrency Regulation: Will Users Still Be Able to Use Binance?</a>
In addition to the framework, the committee also approved a number of targeted revisions to the crypto-asset prudential standard. “These revisions are intended to further promote a consistent understanding of the standard, particularly with respect to the criteria for stablecoins to receive preferential ‘Group 1b’ regulatory treatment,” the committee said in its statement. The revised version will also be published at the end of this month and is expected to be implemented in early 2026.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bank-for-international-settlements-bis-approves-a-decision-on-cryptocurrencies/" rel="noopener noreferrer nofollow">Bank for International Settlements (BIS) Approves a Decision on Cryptocurrencies</a>

Bank for International Settlements (BIS) Approves a Decision on Cryptocurrencies

Bitcoin Sistemi EN

发布于 2024年7月3日的其他文章

Kama Harris, to replace Biden? PolitiFi tokens tank 95% amid POTUS woes

Arcana’s Chain Abstraction Module Makes Web3 User-friendly And Capital-Efficient

How BlockDAG Offers Investors Massive Returns: 1300% Price Surge & $55.2M Presale Amid Stacks’ Cr...

Could a financial crisis end crypto’s bull run?

Bitcoin, Ethereum Decoupling From Tech Stocks Is Positive, Experts Claim

Bittensor Faces Security Breach $8M in TAO Tokens Stolen

订阅我们免费的电子期刊，获取每日最新加密领域动态！