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Basel Committee Publishes Final Disclosure Framework for Banks’ Cryptoasset Exposures and Targeted Amendments to Its Cryptoasset Standard
The Basel Committee on Banking Supervision today published its final disclosure framework for banks’ cryptoasset exposures and targeted amendments to its cryptoasset standard published in December 2022. Both standards have an implementation date of 1 January 2026.
The final disclosure framework includes a set of standardised tables and templates covering banks’ cryptoasset exposures. These require banks to disclose qualitative information on their cryptoasset-related activities and quantitative information on the capital and liquidity requirements for their cryptoasset exposures. The use of common disclosure requirements aims to enhance information availability and support market discipline.
The targeted amendments to the cryptoasset prudential standard aim to further promote a consistent understanding of the standard, particularly regarding the criteria for stablecoins to receive a preferential “Group 1b” regulatory treatment. Various other technical amendments clarify other aspects of the standard.
The Committee will continue to monitor developments in cryptoasset markets and the need to mitigate new risks.
Companies In This Post
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- NatWest Complete Remortgage in Two Working Days via PEXA’s Digital Infrastructure Read more
- Banking Circle Introduces Stablecoin Settlement Services Following CASP License Approval Read more
Fuutura Launches as a Blockchain Infrastructure Company Building a Compliance-First Financial Ecosystem for the Global Market
Fuutura, a blockchain infrastructure company building a compliance-first financial ecosystem for the global market, today announced its official launch. Founded by Oliver Cook KC and Ellis McGrath, Fuutura launches with three integrated products designed to replace the fragmented financial infrastructure that prevents over a billion adults from fully participating in global financial markets.
Banking Circle Introduces Stablecoin Settlement Services Following CASP License Approval
Banking Circle today announced the launch of its stablecoin settlement services, marking a significant step in the convergence of traditional banking and digital assets
tGBP Listed on Coinbase
Coinbase, the world’s most trusted crypto exchange, today announced the listing of tGBP, a fiat-backed stablecoin denominated in British Pounds. This initiative is a core component of Coinbase’s international expansion strategy to support local currency stablecoins, advancing the mission to create a more open, accessible, and efficient global financial system.
Paytently Adds Stablecoins via BVNK to Accelerate Global Payments
Paytently has partnered with BVNK to enable stablecoin-based settlement and prefunding for its business customers
Plasma and Ramp Partner to Bring Stablecoins Into Payroll and Spend Through Plasma One
Plasma, the company behind the first stablecoin-native neobank and the infrastructure powering it, today announced expanded functionality for Plasma One through a new integration with Ramp.
Nium and Coinbase Partner to Power Global Stablecoin Payments and Settlement
Nium, the global infrastructure leader for real-time cross-border payments, today announced a partnership with Coinbase to enable USDC stablecoin payments across its platform. The integration is now live and available to Nium's clients, with Coinbase serving as the stablecoin payments and liquidity infrastructure, wallet provider and regulated custodian. Nium clients can now send and receive stablecoins and convert stablecoin to fiat for payouts – giving businesses a single, unified platform to transact across both onchain and fiat rails.
ZIGChain and Beehive Partner to Bring UAE SME Credit Onchain
ZIGChain, the blockchain built to bring regulated investment products onchain for institutions and everyday users, today announced a strategic partnership with Beehive, the Middle East’s pioneering digital SME lending platform, to explore the tokenization of private credit opportunities on ZIGChain’s network.
Brightbeam on Cutting Through the AI Fog
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TSAM London: Clearwater Analytics on The Real Buy-Side Challenge
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Rightway Parking Highlights MSP’s Edge for On-Time Travel
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NatWest Complete Remortgage in Two Working Days via PEXA’s Digital Infrastructure
The first NatWest remortgage transaction to complete on the PEXA platform did so within two working days
Banking Circle Introduces Stablecoin Settlement Services Following CASP License Approval
Banking Circle today announced the launch of its stablecoin settlement services, marking a significant step in the convergence of traditional banking and digital assets
Allianz UK and LV= Announce New Long-Term Partnership
Allianz UK and LV= have announced a new multi-year partnership to continue distribution of home, car and pet insurance under the LV= brand.
Vitesse Strengthens U.S. Commercial Team with Appointment of Shareen Minor as Chief Revenue Officer, North America
Vitesse announced the appointment of Shareen Minor as chief revenue officer, North America