PANews reported on October 10th that, according to Caixin, the Monetary Authority of Singapore (MAS) released a consultation summary proposing to postpone the implementation of new cryptoasset capital regulations for banks based on the Basel Committee's "Cryptoasset Exposures (SCO60)" from January 1, 2026, to January 1, 2027 or later. This framework, derived from the Basel Committee's "Prudential Treatment of Cryptoasset Exposures," published at the end of 2022, has a global timeline starting in 2026. Hong Kong will implement the new regulations and plans to optimize capital regulations for cryptoassets, including stablecoins, to facilitate banks' acceptance of compliant stablecoins.PANews reported on October 10th that, according to Caixin, the Monetary Authority of Singapore (MAS) released a consultation summary proposing to postpone the implementation of new cryptoasset capital regulations for banks based on the Basel Committee's "Cryptoasset Exposures (SCO60)" from January 1, 2026, to January 1, 2027 or later. This framework, derived from the Basel Committee's "Prudential Treatment of Cryptoasset Exposures," published at the end of 2022, has a global timeline starting in 2026. Hong Kong will implement the new regulations and plans to optimize capital regulations for cryptoassets, including stablecoins, to facilitate banks' acceptance of compliant stablecoins.
Singapore plans to postpone implementation of Basel's new crypto asset capital requirements until 2027 or later
2025/10/10 14:42
PANews reported on October 10th that, according to Caixin, the Monetary Authority of Singapore (MAS) released a consultation summary proposing to postpone the implementation of new cryptoasset capital regulations for banks based on the Basel Committee's "Cryptoasset Exposures (SCO60)" from January 1, 2026, to January 1, 2027 or later. This framework, derived from the Basel Committee's "Prudential Treatment of Cryptoasset Exposures," published at the end of 2022, has a global timeline starting in 2026. Hong Kong will implement the new regulations and plans to optimize capital regulations for cryptoassets, including stablecoins, to facilitate banks' acceptance of compliant stablecoins.
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