The Bank for International Settlements has approved a 2% crypto reserve exposure for banks, set to be fully implemented starting in 2025

ChainCatcher news, the Bank for International Settlements (BIS) regulatory head (GHOS) has approved a global prudential regulatory standard for banks' exposure to crypto assets, which will allow a 2% crypto reserve exposure between banks. The standard, developed by the Basel Committee on Banking Supervision, will be fully implemented on January 1, 2025.

The BIS stated that unsecured crypto assets and stablecoins with ineffective stabilization mechanisms will be treated conservatively. This standard will provide a robust and prudent global regulatory framework for internationally active banks' exposure to crypto assets, promoting responsible innovation while maintaining financial stability. (source link)