Basel Committee will finalize guidelines for banks’ work with cryptocurrencies in 2022
The Basel Committee of the Bank for International Settlements will review the proposed capital requirements for banks using cryptocurrencies and develop a more flexible regulatory document. On November 9, the regulator announced that it will finalize an advisory document for the banking system, which will clarify the proposed requirements for the reserve capital of banks that use cryptocurrencies, and will issue updated regulations by mid-2022. The statement was released after the Basel Committee considered the…
