Bank for International Settlements (BIS) Approves a Decision on Cryptocurrencies
The Basel Committee on Banking Supervision, a key player in assessing bank risk, has given the green light to a new disclosure framework for banks’ exposure to cryptocurrencies.
Set to be put into effect in early 2026, the framework is part of a global effort by central banks to enhance market discipline and provide comprehensive information for risk assessment.
In a press release on Wednesday, the committee, which is part of the Bank for International Settlements (BIS), announced that further details will be released later this month. The framework, which includes a series of publicly available tables and templates outlining banks’ cryptocurrency exposures, comes after a review of responses to a consultation that was first published in December 2022. It mandates that banks disclose both qualitative information about their crypto activities and quantitative information about their exposure to cryptocurrencies.
In addition to the framework, the committee has also given the green light to targeted revisions to the crypto-asset prudential standard. These revisions are aimed at promoting a consistent understanding of the standard, particularly in relation to the criteria for stablecoins to receive preferential ‘Group 1b’ regulatory treatment. The revised version is set to be published at the end of the month and is expected to be implemented in early 2026.
*This is not investment advice.
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