Singapore Tightens Crypto Oversight for Banks Ahead of Basel Rules

Singapore Tightens Crypto Oversight for Banks Ahead of Basel Rules

Singapore is increasing oversight of banks with cryptocurrency exposure as regulators prepare for stricter global banking standards. The Monetary Authority of Singapore (MAS) has instructed locally incorporated banks to disclose their crypto holdings and engage with the regulator on risk treatment before new prudential rules take effect.  Although MAS postponed the Basel-aligned framework until January 1, 2027, or later, the regulator wants inst…

Singapore Regulator Tells Banks to Report Their “Cryptos”

Singapore’s financial regulator wants banks to report their “cryptos,” but the instruction has nothing to do with disclosing Bitcoin, Ethereum or other digital-asset holdings. TL;DR Banks must catalogue their cryptographic assets. “Cryptos” does not mean cryptocurrencies. Phased requirements arrive later in 2026. Vulnerable systems will migrate by priority. Crypto networks face similar security risks. In this case, “cryptos” refers to cryptogra…