The Basel Committee on Banking Supervision (BCBS) has endorsed its global crypto banking rules for implementation by Jan. 1, 2025, according to an emailed statement on Friday. An accompanying document by the committee, which is the primary global standard setter for the prudential regulation of banks, suggested that a bank's exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%. These particular assets are tokenized traditional assets including non-fungible tokens, stablecoins and unbacked crypto assets that don't meet classification conditions. Meanwhile, those assets from the ... (full story)