According to a statement sent through email on Friday, the Basel Committee on Banking Supervision (BCBS) has approved the guidelines for the global adoption of crypto banking to take effect on January 1, 2025. BCBS Approves Adoption of Crypto Banking Rules The committee, which is the main body responsible for setting worldwide standards for the prudential regulation of banks, said in an accompanying paper that a bank’s exposure to specific crypto assets should not surpass 2% and should typically be lower than 1%. These specific assets are conventional assets that have been tokenized, such as non-fungible tokens, stablecoins, and unsupportable The post BCBS Approves Adoption of Global Crypto Banking Regulations by 2025 appeared first on Cryptoknowmics-Crypto News and Media Platform .
