Today the Basel Committee for Banking Supervision published the final version of the rules for crypto-assets to be implemented by January 1, 2025. The rules cover the capital requirements for risk exposures relating to digital securities, stablecoins and cryptocurrencies and follows two rounds of consultations.
The second version of the rules was far stricter than the first and received strong pushback from the banking sector. The latest rules are still strict but have been relaxed in key headline areas.
The highlights:
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
