BIS Issues New Requirements Guidelines for Banks Looking to Hold Crypto Assets Like XRP, ETH, and More
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.
You may also like
BlockFi $13.2 Million Class Action Settlement Nears Approval
Spot Bitcoin ETF assets hit a record $134.6 billion at the end of Q2

EdgeX Labs Officially Launches EdgeX Cloud
Trending news
MoreCrypto prices
More








