Basel Committee approves disclosure framework and capital standard for banks’ cryptoasset exposures

Basel Committee approves disclosure framework for banks’ cryptoasset exposures and agrees to make targeted amendments to its cryptoasset standard. The framework will be published later this month, with an implementation date of 1 January 2026.    

The Committee reviewed the comments received on its consultations related to a disclosure framework for banks’ cryptoasset exposures and a set of targeted amendments to its cryptoasset standard published in December 2022.

It approved a finalised disclosure framework, which includes a standardised set of public tables and templates covering banks’ cryptoasset exposures. These disclosures aim to enhance information availability and support market discipline.        

The Committee also approved a set of targeted revisions to the cryptoasset prudential standard. These revisions aim to further promote a consistent understanding of the standard, particularly regarding the criteria for stablecoins to receive a preferential „Group 1b” regulatory treatment. The updated standard will be published later this month, with an implementation date of 1 January 2026.

Members also discussed the prudential implications of banks as potential issuers of tokenised deposits and stablecoins. Members noted that the scale and magnitude of financial stability risks from such products depend in part on their specific structures and jurisdictional laws and regulations. Based on current market developments, these risks are broadly captured by the Basel Framework. The Committee will continue to monitor this area and other developments in the cryptoasset markets.