Wu said that the Basel Committee has approved the disclosure framework and capital standards for banks' crypto asset exposure and agreed to consult on third-party risk management principles. The Basel Committee held a meeting on July 2 and 3 to review opinions on the disclosure framework for banks' crypto asset exposure and approved a set of standardized public forms and templates with an implementation date of January 1, 2026. At the same time, the committee also approved revisions to the prudential standards for crypto assets, especially the standards for stablecoins to receive "Group 1b" regulatory treatment. These revisions will also be implemented on January 1, 2026.
