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Banks Must Disclose Crypto Exposures, Global Regulator Says
The guidance will ensure transparency and market discipline, the Basel Committee on Banking Supervision said
Updated Apr 9, 2024, 11:01 p.m. Published Oct 17, 2023, 10:42 a.m.
Banks must disclose quantitative and qualitative information on their crypto activities, according to draft guidance published by international standard-setter the Basel Committee on Banking Supervision on Tuesday.
The plans add to the hefty capital requirements already imposed by the committee to discourage banks from holding unbacked crypto such as bitcoin and ether following turmoil affecting crypto-linked lenders such as Signature Bank and Silicon Valley Bank.
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Under the proposals, which would take effect in 2025, “banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements,” said the committee, which is linked to the Bank for International Settlements, a network of central banks based in Basel, Switzerland.
“A common format for disclosures will support the exercise of market discipline and help to reduce information asymmetry between banks and market participants,” it added.
The plans were trailed two weeks ago by the committee, which sets norms for traditional-finance lenders designed to avoid a repeat of the 2008 financial crisis, and are open for consultation until January 2024.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Hong Kong proposes new rules to tap insurance capital into cryptocurrencies
Public consultation on the proposal will occur from February to April 2025, with legislative submissions expected later that year.
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- Hong Kong is considering new rules to allow insurers to invest in digital assets, potentially boosting institutional crypto adoption in Asia.
- The proposal mandates a 100% risk charge on direct crypto holdings, requiring insurers to reserve a dollar for every dollar invested.
- Public consultation on the proposal will occur from February to April 2025, with legislative submissions expected later that year.
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