BIS

In a bid to foster transparency and bolster market discipline, global banking regulators have unveiled a new plan requiring major banks to disclose their holdings of cryptoassets starting January 2025. The Basel Committee on Banking Supervision, under the auspices of the Bank for International Settlements (BIS), introduced this proposal on October 17, 2023, during a public consultation on banks' disclosure of cryptoasset exposures​. Under this initiative, banks are obliged to provide both qualitative and quantitative information regarding their crypto activities…