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. 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. 

Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Circle Recommends Against a Digital Dollar, and Ethereum Beacon Chain Suffers Longest ‘Reorg’ in Years

The most valuable crypto stories for Thursday, May 26, 2022.

The most valuable crypto stories for Thursday, May 26, 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
Huobi Acquires Latin American Crypto Exchange Bitex

The Chinese crypto exchange is seeking to expand in Latin America, but Bitex will continue to operate under the same name and with its current management team.

The Chinese crypto exchange is seeking to expand in Latin America, but Bitex will continue to operate under the same name and with its current management team.

CoinDesk - Unknown
3
CoinDesk - Unknown
What's the Crypto 'Travel Rule,' and What Does It Mean for You?

The measure is essential to prevent bad actors from using digital assets to launder money. It affects everyone who dabbles in cryptocurrencies from exchanges to everyday investors.

The measure is essential to prevent bad actors from using digital assets to launder money. It affects everyone who dabbles in cryptocurrencies from exchanges to everyday investors.

CoinDesk - Unknown
4
CoinDesk - Unknown
Top Latin American Crypto Exchange Bitso Lays Off 80 Employees

The company, which had more than 700 workers before the cuts, counts four million users in the region.

The company, which had more than 700 workers before the cuts, counts four million users in the region.

CoinDesk - Unknown