Singapore plans to postpone the implementation of Basel's new capital requirements for crypto assets

ChainCatcher news, the Monetary Authority of Singapore has released a consultation summary indicating that the implementation of new banking capital regulations based on the Basel Committee on Banking Supervision's crypto asset regulatory standards will be postponed, with a proposed new implementation date of January 1, 2027, or later.

It is reported that the Monetary Authority of Singapore had previously sought feedback from various market participants and received anonymous and non-anonymous responses from 13 parties, including Circle, the issuer of the stablecoin USDC, and the cryptocurrency exchange Coinbase. The Monetary Authority of Singapore disclosed that respondents expressed concerns that if Singapore were to implement the Basel crypto asset capital regulations earlier than other jurisdictions on January 1, 2026, it could lead to regulatory arbitrage.