đšBig news for banks & crypto!đ 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.đ„
A consultation paper will propose new disclosure requirements, complementing capital requirements for digital assets finalized in December.đ The Basel Committee, including supervisors from 28 global jurisdictions, aims to cut contagion & monitor crypto norms.đ
What do you think of this move? Will it bring more transparency & stability to the market?đĄ Let's discuss in the comments!đ #crypto #banking #regulation
A consultation paper will propose new disclosure requirements, complementing capital requirements for digital assets finalized in December.đ The Basel Committee, including supervisors from 28 global jurisdictions, aims to cut contagion & monitor crypto norms.đ
What do you think of this move? Will it bring more transparency & stability to the market?đĄ Let's discuss in the comments!đ #crypto #banking #regulation