Basel Committee on Banking Supervision

The Basel Committee on Banking Supervision has released draft guidelines stipulating that financial institutions should offer numerical and descriptive data concerning their cryptocurrency dealings. This directive complements the substantial capital prerequisites the committee previously instituted...

The Basel Committee on Banking Supervision, in an effort to increase transparency and oversight in the banking sector, wants banks to disclose their crypto asset holdings. What Happened: The committee made the decision during the recent meeting, which took place on Oct. 4 and Oct. 5 in Basel. In...