The Basel Committee on Banking Supervision (BCBS) has set standards for cryptocurrencies that will come into effect from January 1, 2025.
The Basel Committee on Banking Supervision, which is affiliated with the Bank for International Settlements, has made a new update on what standards banks must comply with when transacting with cryptocurrencies.
According to the recommendations of the Committee on Banking Supervision, a bank may transfer its assets to crypto-related assets. up to 2% needs to separate. BCBS, that rate generally less than 1% waiting.
Assets taped by BCBS non-fungible tokens, stablecoins and generally includes crypto assets that are not supported in any way.
According to the standards prepared by the Banking Supervision Committee, in order for any bank to transact with a cryptocurrency, that cryptocurrency must be “can be exchanged at any time” needs.