The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several measures on targeted adjustment to its standard on banks’ exposure to cryptoassets. A consultative document was published on the BIS website on Dec. 14. 

The document is the result of the review work conducted during 2023, which helped the committee formulate amendments to its original prudential standards for banks’ exposure to stablecoins, published in December 2022.

Proposed changes relate primarily to the composition of the reserve assets of stablecoins, specifically for crypto assets, classified under Group 1b in the prudential standards, “subject to capital requirements…

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