๐Ÿ“ฃCrypto-lovers, buckle up! The Basel Committee is shaking things up for banks' crypto exposure. Remember Basel III reforms? They're back in the spotlight, aiming to boost EU banks' resilience. ๐Ÿฆ๐Ÿ’ช

The committee proposed a crypto disclosure framework in December 2022, and after some tweaks and a public comment period, we're expecting updated standards later this month. ๐Ÿ“œ

Crypto could be classified as high-risk, requiring banks to hold capital equal to their crypto exposure. Stablecoins, however, might get a softer treatment, unless they have "ineffective stabilisation mechanisms". ๐ŸŽข

The committee also discussed banks issuing stablecoins. They concluded that risks are "broadly captured by the Basel Framework", but will keep an eye on it. ๐Ÿ‘€

Changes will kick in on Jan. 1, 2026. So, what do you think? Will this be a game-changer or just another bump in the crypto road? Share your thoughts below! ๐Ÿ‘‡