Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
July 1, 2022NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.
June 22, 2022The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
June 21, 2022The BOE will seek views from the public later this year about the possible issuance of a CBDC in the "second half of the decade" at the earliest.
June 10, 2022The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks' crypto-asset exposures.
June 1, 2022The world's fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
May 12, 2022Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.
April 25, 2022Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.
March 31, 2022Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
March 25, 2022The FSB is reportedly "going full steam" on the issue of developing global regulatory standards for the crypto asset market.
February 11, 2022