Crypto 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, 2022The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.
November 10, 2021The prudential framework envisaged by the BCBS consultation would create "material impediments" to regulated bank participation in cryptoasset markets.
September 23, 2021Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.
September 11, 2021Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
June 11, 2021The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.
June 9, 2021A "significantly high number" of cryptoasset businesses are not meeting AML/CTF standards, a key part of obtaining registration with the FCA.
June 5, 2021