The committee within the Bank for International Settlements (BIS) has proposed new rules regarding Bitcoin (BTC) and cryptocurrencies.
Basel Committee on Banking Supervision (BCBS) within BIS, Tuesday, October 17 a remarkable day draft guide published. The draft guide in question contains information about banks’ cryptocurrency activities. quantitative and qualitative information It was stated that an explanation was required.
According to the details offered 2025 in the year This application will come into force transparency and market discipline While emphasizing that it will provide in traditional finance (TradFi) It was stated that it would also shed light on cryptocurrency risks:
Banks will be required to share qualitative information about their activities related to cryptocurrency assets and quantitative information about capital and liquidity requirements related to exposure to cryptocurrencies. A common format for disclosures would support the enforcement of market discipline and help reduce information asymmetry between banks and market participants.
Guide, 2008 happened in financial of crisis It will continue to be kept on the agenda and public consultation will be carried out to prevent repetition and to calculate cryptocurrency risks in detail. On January 31, 2024 It will end.
Especially US based Signature Bank And Silicon Valley Bank (SVB) Pointing out the recent bankruptcies of crypto-related lenders such as BCBS, it is important to prevent situations like this from happening again. his determined attitude continues to do so.
Founded in Basel, Switzerland, BCBS is a global gross domestic product (GDP) of approximately constituting 95% representing countries from around the world Hosting 63 central banks is an international financial institution. Turkey is also a G20 member Due to this, the Basel Committee on Banking Supervision has made a commitment to compliance.
By organization 5 October A report published today included similar statements that banks will need to share information about cryptocurrency assets.