Banks in Singapore may gain limited exposure to select crypto assets, capped at 2% of Tier 1 capital, under new draft guidelines from the central bank.
Singapore’s central bank has launched a consultation on new capital rules for crypto-asset exposures, proposing a more differentiated approach than treating all blockchain-based assets as equally risky.
Under the draft framework, tokenised traditional assets and certain stablecoins would fall into a lower-risk category with lighter capital treatment. The proposal also leaves room for some assets on permissionless blockchains to qualify for that category if they meet principle-based risk conditions.
At the same time, the approach remains…
