• The Basel Committee has proposed a standardized format for major banks to disclose their holdings of crypto assets.
• The proposal is set to be implemented in January 2025, aiming to provide investors with a complete picture of banks’ crypto asset holdings.
• The Basel Committee and the European Central Bank both highlight the significant risks associated with crypto assets.

The Basel Committee of Banking, regulated by the world’s main financial centers, proposed a standardized format for major banks to disclose their holdings of crypto assets. The proposal would be implemented in January 2025.

Reuters reported that the global banking regulators announced on October 17 that if major banks disclosed their crypto asset holdings, it would give a complete picture to investors. Moreover, the proposal would support “market discipline.”

The Basel Committee agreed on new rules in December 2022 that clarify how much capital banks should hold to cover different types of crypto assets. The committee shared, “The consultation is based on the disclosure requirements contained in the final prudential sta…

The post Global Banking Regulators Introduce New Rules for Crypto Asset Disclosure appeared first on Coin Edition.

• The Basel Committee has proposed a standardized format for major banks to disclose their holdings of crypto assets.
• The proposal is set to be implemented in January 2025, aiming to provide investors with a complete picture of banks’ crypto asset holdings.
• The Basel Committee and the European Central Bank both highlight the significant risks associated with crypto assets.

The Basel Committee of Banking, regulated by the world’s main financial centers, proposed a standardized format for major banks to disclose their holdings of crypto assets. The proposal would be implemented in January 2025.

Reuters reported that the global banking regulators announced on October 17 that if major banks disclosed their crypto asset holdings, it would give a complete picture to investors. Moreover, the proposal would support “market discipline.”

The Basel Committee agreed on new rules in December 2022 that clarify how much capital banks should hold to cover different types of crypto assets. The committee shared, “The consultation is based on the disclosure requirements contained in the final prudential sta…

The post Global Banking Regulators Introduce New Rules for Crypto Asset Disclosure appeared first on Coin Edition.