Regulators Propose New Crypto Disclosure Rules for Banks After FTX Collapse
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Banks will have to disclose crypto holdings under new proposal from Basel Committee on Banking Supervision.
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Banks already face capital requirements for crypto, but new rules would mandate disclosure of exposure.
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Regulators partly blame recent bank collapses like FTX, Signature Bank on crypto popularity.
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Report says Signature failed to understand risks of relying on crypto deposits.
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Basel Committee wants disclosure rules to complement existing crypto capital requirements finalized in December.
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