EU calls for fast-track crypto capital rules for banks

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s executive has said. The global Basel Committee of banking regulators from the world’s main financial centres has set a January 2025 deadline for implementing capital requirements for banks’ exposures to cryptoassets such as stablecoins and bitcoin. “For the time being, banks have very low crypto-asset exposures and only a limited involvement in providing crypto-asset-related se…

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