MAS Delays Cryptoasset Banking Standards to 2027
The Monetary Authority of Singapore (MAS) will delay the rollout of new cryptoasset capital rules for banks to at least 2027.
MAS sought comments earlier this year on amendments to the capital and liquidity frameworks for Singapore-incorporated banks to align with Basel Committee standards.
- Respondents supported the framework but warned that implementing it ahead of other jurisdictions could lead to regulatory arbitrage.
- Several also called for flexibility in treating assets on permissionless blockchains, which would otherwise fall under Group 2 with a 1250% risk weight.
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New capital rules for banks will take effect in 2026.
Author's summary: MAS delays cryptoasset banking standards.
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