Key Points:
The Basel Committee on Bank Supervision adopted a bank’s framework for disclosing cryptoasset risks and agreed to make the targeted revisions to its cryptoasset standards.
The new framework sets out standardized public forms and templates covering bank cryptoasset risks to improve information availability and support market discipline. It will be published later this month and implemented on 1 January 2026.
The Basel Committee met virtually on 2 and 3 July to discuss various policy and supervisory initiatives. It considered comments received on the following consultations. The finalised disclosure framework will promote access to information and support market discipline.
Additionally, it authorized a set of targeted revisions to the cryptoasset prudential standard, which promotes consistency in understanding the standard, particularly in areas where Stablecoins would be eligible for preferential Group 1b regulatory treatment. The update will be published later this month, effective 1 January 2026.
Readmore: Biden Replacement Memecoins Surge 200% Amidst Election Doubts Rise
According to the statement, Members discussed the prudential implications of banks’ issuing tokenized deposits and stablecoins. The size and intensity of such financial stability-related risks depend on the specific structure, jurisdictional law, and regulation for these products.
So far, developments suggest that such risks are largely captured by the existing Basel Framework. The Committee will, however, continue to monitor this area, among others in the markets for cryptoassets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Ether.fi Season 2 airdrop promises significant rewards, including up to 150 ETHFI tokens for small…
TON's blockchain assets surged 1,400% this year, reaching over $1 billion, buoyed by its tie-up…
Despite market uncertainties, Tron Network user base has surged, reaching near all-time highs.
The U.S. House of Representatives will vote next week to overturn President Biden's SAB 121…
The positive Bitcoin ETF inflow came after a series of negative events had driven Bitcoin…
The German government's Bitcoin is still over 40,000 BTC worth more than $2.3 billion, and…
This website uses cookies.