The Bank for International Settlements (BIS) Group of Central Bank Governors and Supervisors (GHOS) has approved a global prudential standard for banks’ exposure to cryptoassets, which will allow 2% crypto reserve exposure between banks. mouth. The standard was developed by the Basel Committee on Banking Supervision and will be fully implemented on January 1, 2025. Unsecured cryptoassets and stablecoins with ineffective stabilization mechanisms will be treated with conservative prudence, the BIS said, and the standard will provide a robust and prudent global regulatory framework for the exposure of internationally active banks to cryptoassets to foster responsible innovation , while maintaining financial stability.