Basel Committee Says It Will Study Crypto-Asset Rules
The committee said it will publish a consultation document later this week.
Jun 7, 2021 at 4:03 p.m. UTCUpdated Aug 21, 2021 at 7:26 p.m. UTC
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The Bank for International Settlements’ Basel Committee plans to hold a public consultation on the treatment of crypto-asset exposures.
- The committee said it met on June 4 and discussed market developments relating to crypto assets.
- It also discussed the development of methods for treating banks that provide exposure to crypto assets.
- Growing interest in crypto assets and the pace of innovation in the industry “could increase global financial stability concerns and risks to the banking system,” the committee said.
- It plans to canvas the views of external stakeholders on banks’ exposures to crypto assets, and a consultation paper will be published this week.
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