The Basel Committee, the global standard setter for regulating banks, has delayed the implementation of the Basel rules for crypto-assets by a year to January 2026. Its definition of crypto-assets is broad, including cryptocurrencies, stablecoins and tokenized securities such as stocks and bonds.
“The revised implementation date will help to ensure that all members are able to implement the standard in a full, timely and consistent manner,” said the Basel Committee’s oversight body.
The first set of crypto-asset rules was finalized in late December 2022. However, a year later the Committee consulted on proposals for substantial changes. The Committee plans to revise the rules later this year.
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