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#cryptovalute , the new rules for banks are postponed by a year
The decision of the group made up of central bank governors and heads of supervision (GHOS) which reports to the Basel CommitteeThe international rules on the management by banks of their exposures to crypto assets will come into force in January 2026, one year after expected in the past. This was decided by a group made up of central bank governors and the head of supervision (GHOS) which reports to the Basel Committee. The decision was motivated by the need to ensure that all members fully implement the new rules. The consultation initiated by Ghos himself will continue until the end of this year at the end of which a further review is expected. The Basel Committee is the main reference body worldwide for the prudential regulation of banks and constitutes a forum for cooperation on banking supervision. Its mandate is to strengthen the regulation, supervision and practices of #banche s around the world with the aim of improving financial stability. The Committee reports to the Group of Central Bank Governors and Heads of Supervision and requests its support for major decisions. The Committee has no formal supranational authority and its decisions have no legal value. Rather, the Committee relies on the commitment of its members to carry out its mandate. The Group of Central Bank Governors and Supervisory Heads is chaired by Tiff Macklem, Governor of the Bank of Canada. The Basel Committee is chaired by Pablo Hernández de Cos, governor of the Bank of Spain.