๐จBig news for banks & crypto!๐ The Basel Committee on Banking Supervision plans to make banks disclose their #cryptocurrency holdings. This comes after a year of turbulence, including the collapse of crypto exchange FTX & digital lenders Signature & Silicon Valley Banks.๐ฅ
A consultation paper will propose new disclosure requirements, complementing capital requirements for digital assets finalized in December.๐ The Basel Committee, including supervisors from 28 global jurisdictions, aims to cut contagion & monitor crypto norms.๐
What do you think of this move? Will it bring more transparency & stability to the market?๐ก Let's discuss in the comments!๐ #crypto #banking #regulation
A consultation paper will propose new disclosure requirements, complementing capital requirements for digital assets finalized in December.๐ The Basel Committee, including supervisors from 28 global jurisdictions, aims to cut contagion & monitor crypto norms.๐
What do you think of this move? Will it bring more transparency & stability to the market?๐ก Let's discuss in the comments!๐ #crypto #banking #regulation