Capital and Liquidity Treatment of Crypto-asset Exposures Guidelines – Letter
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Today, we are publishing two guidelines that outline the capital and liquidity treatments of crypto-asset exposures. One guideline is for federally regulated deposit-taking institutions and the other for insurers. These guidelines will come into effect in fiscal Q1 2026,Footnote 1 at which time they will replace our interim advisory on the regulatory treatment of crypto-asset exposures.
These guidelines incorporate the Basel Committee on Banking Supervision (BCBS) standards for crypto-asset exposures, last updated in November 2024.
In July 2023, we conducted a consultation to seek stakeholder feedback on the draft crypto-asset guidelines. We received feedback from various stakeholders, including banks, insurance companies, and industry associations. We have considered the feedback received in updating both guidelines.
Please refer to the summary of stakeholder comments and our responses.
Should you have any questions, please contact Mark Joshua (mark.joshua@osfi-bsif.gc.ca), Director, Banking Capital and Liquidity Standards Division, Risk Advisory Hub.
Sincerely,
Amar Munipalle
Executive Director, Risk Advisory Hub