The Monetary Authority of Singapore (MAS) has proposed delaying the implementation of new crypto asset capital requirements for banks until January 1, 2027, or later. These regulations, based on the Basel Committee's "Cryptoasset Exposures (SCO60)" framework, were initially set to take effect on January 1, 2026. The framework, which outlines the prudential treatment of crypto asset exposures, was published by the Basel Committee at the end of 2022 and is part of a global timeline for adoption.
In contrast, Hong Kong plans to implement the new regulations as scheduled in 2026 and aims to optimize capital regulations for crypto assets, including stablecoins, to encourage banks to accept compliant stablecoins.
Singapore Delays Basel Crypto Asset Capital Rules to 2027
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