The Basel Committee on Banking Supervision has approved a framework for banks' disclosure of their exposure to cryptocurrencies.
This framework is due to be implemented by early 2026, as central banks around the world seek to support market discipline and ensure that adequate information is available to assess risks.
This committee, which reports to the Bank for International Settlements (BIS), is the main standard-setting body for banks' prudential measures.
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The framework, which includes public tables and templates, was developed after reviewing comments from a consultation published in December 2022.
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Under the new plans, banks will be required to disclose qualitative and quantitative information about their activities and exposure to cryptocurrencies.