The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
January 25, 2023The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.
January 25, 2023In designing the standards, the GDF has leveraged the framework and high-level principles existing in the FX Global Code.
January 9, 2023Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.
January 8, 2023The ASA said the ad was misleading because “it failed to illustrate the risk of investing in NFTs" and "it didn't make clear that fees would apply”.
December 28, 2022The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
December 22, 20221,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
December 19, 2022The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
December 13, 2022The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.
December 12, 2022MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
November 30, 2022