In line with new standards published by the Bank for International Settlements (BIS), banks will have to disclose their cryptocurrency holdings.
The Basel Banking Supervision Committee within BIS announced an important report on cryptocurrencies and banks. Basel Committee on Banking Supervision (BCBS), which sets standards for banks and lending financial institutions in traditional finance (TradFi), Thursday, October 5 A new news about cryptocurrencies transparency obligation brought.
Within the scope of the new report and detailed plans, banks Clear data on cryptocurrencies Will have to share with BCBS.
In a recent statement made by the regulatory body, it was stated that cryptocurrency standards are closely monitored and will be changed if necessary. In the report published by BCBS, the banking crisis in the USA a few months ago has been reported since the 2008 financial crisis. The most significant system-wide banking stress While the factors of this crisis are described as Banks’ connection with cryptocurrencies was shown.
In the report, the company that announced its bankruptcy on March 12 Signature of the bank its relationship with and commitment to the cryptocurrency industry can’t understand the risk emphasized.
Banking crises, especially on the US front, were described by TradiFi commentators as his uncontrolled and contagious relationship with cryptocurrencies was tied up. It seems that traditional people are trying to control this relationship. The pressure of financial actors in this field to be continued.
Turkey’s also G20 member Basel Committee on Banking Supervision due to rapport was a commitment is available.
Founded in Basel, Switzerland, the world’s Gross Domestic Product (GDP) is approximately 95% representing countries from around the world that make up 63 central banks It is an international financial institution that hosts