Basel Committee Says It Will Study Crypto-Asset Rules

The committee said it will publish a consultation document later this week.

AccessTimeIconJun 7, 2021 at 4:03 p.m. UTC
Updated Sep 14, 2021 at 1:07 p.m. UTC

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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