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Global Regulator: Crypto Exposure Reporting Should Be Mandatory for Banks


The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space. In a consultative document, the committee proposed mandatory reporting requirements...

Bank of Korea and BIS Prepare Wholesale CBDC Pilot


The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies...

New BIS Plan Mandates Banks to Disclose Crypto Holdings


The Basel Committee on Banking Supervision has unveiled a new plan that will require banks to disclose their cryptocurrency holdings.  This development comes on the heels of a tumultuous year that witnessed the collapse of several major crypto firms as well as crypto-focused lenders Signature...

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