The Group of Central Bank Governors and Heads of Supervision (GHOS) recently announced a delay in the enforcement of the crypto asset standard, initially part of the Basel III reforms, to January 1, 2026.

The Basel III framework, completed in 2017, aims to strengthen the regulation, supervision, and risk management within the banking sector.

Despite the postponement, Basel III reforms continue to gain traction globally, with a significant number of member jurisdictions already having adopted the measures fully or to some extent.

This extension reflects the ongoing deliberations among global banking authorities regarding the optimal approach to integrating cryptocurrency regulations and standards within the traditional banking system.