Global Regulator: Crypto Exposure Reporting Should Be Mandatory for Banks

The Basel Committee on Banking Supervision has underscored the importance of disclosing banks' cryptoasset exposures, emphasizing the need for standardized reporting and greater transparency in the crypto space.
In a consultative document, the committee proposed mandatory reporting requirements for banks related to their crypto activities.
The proposals extend to both qualitative and quantitative aspects of crypto exposures, the committee said....
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