Global Correspondence

Joint Response to BCBS Crypto Standard Amendments Consult

GFMA with IIF, ISDA, FIA, and FSF, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on proposed cryptoasset standard amendments.

GFMA and the associations welcomed the BCBS’s continued focus on designing and improving the prudential framework for cryptoassets.  The response comments on key topics such as public permissionless blockchains, classification condition 2 and settlement finality, and group 1b eligibility.  The trades look forward to ongoing collaboration as these markets continue to evolve.

– 28 March 2024 –

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