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Basel Committee consults over bank crypto disclosures

crypto disclosures

Today the Basel Committee on Banking Supervision launched a consultation on disclosures relating to crypto-assets. Late last year, it published the final crypto-asset rules, including general disclosure requirements. Now the Basel Committee has provided detailed spreadsheet templates for the disclosures. To avoid window dressing, it requires average daily amounts as well as the period end figures.

The consultation runs to January 31 and the templates will come into force at the same time as the crypto-asset rules, January 1, 2025.

Crypto-assets include tokenized traditional securities and commodities, stablecoins and cryptocurrencies.

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