Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
BIS Issues New Requirements Guidelines for Banks Looking to Hold Crypto Assets Like XRP, ETH, and More

BIS Issues New Requirements Guidelines for Banks Looking to Hold Crypto Assets Like XRP, ETH, and More

Bitget2024/07/18 11:28
BTC+0.34%XRP+0.70%ETH+0.29%

On July 18, the Bank for International Settlements (BIS) released guidelines for new requirements for banks wishing to hold crypto assets such as XRP, ETH, and BTC. In the latest requirements, the BIS stipulates that a bank's total exposure to Tier 2 crypto assets must not exceed 1% of its total Tier 1 capital; and that no single Tier 2 crypto asset should account for more than 5% of total Tier 2 holdings.

 


The guidelines are expected to be implemented by January 1, 2026, and the BIS is expected to implement them by the end of that year. The BIS is said to distinguish Tier 2 crypto assets from other cryptocurrencies by treating them as Tier 2 crypto assets, including XRP, BTC, ETH, and a number of stablecoins that lack effective stabilization mechanisms.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Roger Ver pays $50 million settlement to the US Department of Justice to dismiss charges of concealing bitcoin holdings
2
VanEck submits updated version of Solana Staking ETF application to US SEC, with a fee of 0.30%

Crypto prices

More
Bitcoin
Bitcoin
BTC
$113,171.24
-0.75%
Ethereum
Ethereum
ETH
$4,136.3
-1.28%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,218.79
-5.31%
XRP
XRP
XRP
$2.52
-2.30%
Solana
Solana
SOL
$204.98
-1.04%
USDC
USDC
USDC
$0.9999
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2058
-2.23%
TRON
TRON
TRX
$0.3183
-1.21%
Cardano
Cardano
ADA
$0.7002
-2.49%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter