The Basel Committee on Banking Supervision has released Basel III monitoring statistics for December 2023, including crypto-asset exposures, and although this data was released later (before the launch of the US Bitcoin ETF), it has shown a significant increase in the scale of crypto services provided by US banking institutions to customers, which shows that the size of customer crypto exposures of US banking institutions in 2023 is about $201 billion.
Banks trading on permissionless blockchains face multiple risks, including money laundering, terrorist financing, operational and security, governance, legal, settlement finality, and compliance, according to a newly released report by the Basel Committee on Banking Supervision (BCBS). BCBS, part of the Bank for International Settlements (BIS), the world's leading standard-setter for banking prudential regulation, noted that some of the risks stem from blockchain's reliance on unknown third part...
On July 17, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released its final disclosure report on banks' risk exposure to crypto assets. The report requires that banks will need to disclose qualitative and quantitative reports on their crypto-related activities and liquidity requirements in order to maintain stability. In addition, the report tightens the criteria for permissionless stablecoins, and as a result, all stablecoins issued on permissionles...