Golden Finance reported that the Bank for International Settlements (BIS) approved the proposed regulations on banks' disclosure of cryptocurrency risk exposure. The Basel Committee on Banking Supervision (Basel Committee) under the Bank for International Settlements approved the proposed regulations on banks' disclosure of cryptocurrency asset risk exposure and amendments to the prudential supervision of cryptocurrency assets at meetings held on the 2nd and 3rd of this month. This will require banks to disclose information on their risk exposure to virtual assets, including trading activities and holdings. The Basel Committee began developing the proposed regulations in December 2022 with the aim of establishing standards for risk assessment of virtual assets and providing sufficient information. The Basel Committee will release more details on the proposed rules later this month. The finalized rules will apply from 2026.