Regulators would rather be cautious than sorry. — Bloomberg
IN less than 18 months, global banks will have to confront a problem almost philosophical in its scope, but with practical cost implications: What is money, and who can say when something is or isn’t? Hong Kong hopes to get the job of helping make that distinction.
From Jan 1, 2026, lending institutions worldwide will have to disclose their cryptocurrency holdings in line with the final rules announced this month by the Basel Committee on Banking Supervision.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
