The Bank for International Settlements has released new guidelines for banks wishing to hold crypto assets such as XRP, ETH, and BTC

2024-07-18 18:42:49
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ChainCatcher news, the Bank for International Settlements (BIS) has released new guidelines for banks wishing to hold cryptocurrencies such as XRP, ETH, and BTC. In the latest requirements, the BIS stipulates that banks' total exposure to secondary cryptocurrencies must not exceed 1% of their total Tier 1 capital; any single secondary cryptocurrency must not account for more than 5% of the total holdings of secondary assets. The guidelines are expected to be implemented by January 1, 2026.

It is reported that the BIS classifies XRP, BTC, ETH, and some stablecoins lacking effective stabilization mechanisms as secondary cryptocurrencies, in order to distinguish secondary cryptocurrencies from other cryptocurrencies.

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