The Basel Committee discussed banks' disclosure of crypto assets as part of the Basel III reforms. Proposed in December 2022, the disclosure system includes a number of amendments to the original proposal and a revision of the standards for stablecoins. 🏦

New standards aimed at enhancing transparency and promoting market discipline will be published later in July. In 2021, the committee proposed including cryptocurrencies in the group of high-risk assets with a risk weight of 1250%, which requires banks to hold capital equal to the value of their crypto exposure.

In addition to the new Basel standards, stablecoin issuers must comply with the new Markets for Crypto-Assets (MiCA) regulations. Changes to the current Basel III standards will come into force on January 1, 2026.