Bank for International Settlements Introduces Stricter Standards for Banks Holding XRP and Other Group 2 Assets
BIS Unveils New Guidelines
The Bank for International Settlements (BIS) has issued revised guidelines for banks interested in holding XRP and other Group 2 assets.
Enhanced Security Measures
The updated requirements emphasize enhanced security measures and risk management protocols for financial institutions holding these assets.
Risk Management Protocols
Banks must comply with the new regulations to ensure regulatory adherence and mitigate potential risks associated with holding XRP and similar assets.
Regulatory Compliance
The BIS's move signifies a significant step towards bolstering the security and integrity of the digital asset ecosystem.
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