Singapore plans to delay the implementation of the Basel encryption asset capital requirements until 2027.

[Singapore Plans to Delay Implementation of Basel Cryptocurrency Capital Regulation Until 2027] The Monetary Authority of Singapore has released a consultation summary indicating that it will postpone the implementation of new banking capital rules based on the Basel Committee on Banking Supervision's cryptocurrency regulatory standards. Singapore originally planned to implement the Basel cryptocurrency capital rules on January 1, 2026, but now intends to delay it until January 1, 2027, or later. At the same time, banks that already have or plan to have cryptocurrency risk exposure must inform the Monetary Authority of Singapore about their appropriate prudential treatment of cryptocurrency risk exposure and maintain communication with the authority before the new regulations are ultimately implemented. It is understood that the Basel cryptocurrency capital rules are very important for banks intending to adopt the rule, as they specify how much regulatory capital banks must hold for their cryptocurrency risk exposure.