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European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
EU Seals Deal on Crypto Bank-Capital Rules
27.6.2023
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system
EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says
9.6.2023
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky
Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says
28.3.2023
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
27.2.2023
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets
19.12.2022
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies...
Basel Committee Endorses Global Crypto Banking Rules to be Implemented by 2025
16.12.2022
The rules suggested that a banks exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%
NFTs, Nonprofits and Longevity Intersect at Art Basel Miami
9.12.2022
NFT artist Nikita Replyanski on the future of NFTs, his work with the Longevity Science Foundation, and art as community building
The Contagion Fever Breaks: NFTs Dominate Art Basel
5.12.2022
The price of Ethereum is down nearly 65% since last year’s Miami Art Week. But this year’s global cultural phenomena saw an uptick in events, attendees and conversations around Web3 technologies and their roadmap to mass adoption
Diabolical ATM Displays Bank Balances On Leaderboards
2.12.2022
Are you flourishing at the game of life, or are you floundering at the very bottom? Give this ATM your debit card, and you can find out. Art Basel, a ghoulishly lavish art show, is hosting an ATM that takes your picture and ranks you on a public leaderboard according to your debit bank balance....
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
4.10.2022
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins
Basel Committee crypto asset prudential treatment proposals get detailed responses
4.10.2022
The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto
Basel Committee wants to limit banks' digital asset exposure to just 1% of equity
30.6.2022
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
30.6.2022
Holdings for unbacked crypto would be limited to 1% of a lender’s capital, under plans put out for consultation Thursday