The Bank for International Settlements (BIS) has published guidelines on new requirements for banks looking to hold crypto assets such as XRP, ETH, BTC, etc. In the latest requirements, the BIS has stipulated that banks' total exposure to secondary crypto assets must not exceed 1% of their total Tier 1 capital. Any single secondary crypto plus must not account for more than 5% of total secondary asset holdings. The guidelines are expected to be implemented by January 1, 2026.
It is reported that the Bank for International Settlements regards stablecoins, including XRP, BTC, ETH, and some that lack effective stability mechanisms, as secondary cryptoassets, in order to distinguish secondary cryptoassets from other cryptocurrencies.
The Bank for International Settlements has released new guidelines for banks looking to hold cryptoassets such as XRP, ETH, and BTC
2024-07-18 10:43:05
International clearing banking bis release hope to hold xrp ethdesk3cryptocurrencydesktopCrypto News
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