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Central Banks to Enforce Standard on Banks’ Exposure to Crypto in 2025

Central Banks to Enforce Standard on Banks’ Exposure to Crypto in 2025

The Group of Central Bank Governors and Head of Supervision (GHOS) of the Bank for International Settlements (BIS) has endorsed a global prudential standard for banks’ exposure to crypto assets. The Group has also decided on January 1, 2025, as the implementation date for the standard.

The standard was developed by the Basel Committee on Banking Supervision, the BIS’ primary global standard setter for the prudential regulation of banks, the BIS said i... Read More

Posted: Dec 16 2022, 19:23
Author Name: financemagnates
Views: 102097

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