The Basel Committee on Banking Supervision (BCBS) has rolled out unified disclosure blueprints for leading banks concerning their crypto holdings, with a target deployment by 2025.
On October 18, the Basel Committee on Banking Supervision (BCBS), a conglomerate of global banking watchdogs, introduced preliminary protocols bridging the gap between conventional finance and digital currencies. They urge premier banking entities to unveil their crypto dealings by the stipulated 2025 deadline.
BCBS is confident that uniform disclosure designs will ensure seamless data interchange among banks. This uniformity stands to favor banks and also offers a transparent lens for market players to perceive banks' crypto endeavors. As per the newly introduced protocols, banks are mandated to share descriptive insights into their crypto-based
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First found on: Basel Committee on Banking Supervision Charts Course for Crypto Disclosures by 2025
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