The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on 17 October, proposing to make it compulsory for banks to disclose their crypto exposure, reports Cointelegraph. The Basel Committee comprises central banks and financial authorities from 28 jurisdictions and is a forum for regulatory cooperation on banking […]
The European Union (EU) has reached a political agreement on changes to the Capital Requirements Regulation and Directive, including new regulations for crypto assets, reports Yahoo Finance. This move comes in response to lawmakers’ calls for stringent rules to prevent “unbacked cryptocurrencies” from infiltrating the traditional financial system. The announcement of this agreement was made […]
The European Investment Bank (EIB) has issued a blockchain-based digital bond powered by environmentally-incentivised node infrastructure, reports Cointelegraph. An announcement from the financial institution outlined the key points of a “digital native green bond” denominated in Swedish krona. The 1 billion krona bond is set to offer a 3.638% fixed rate over two years to […]