Basel Committee launches public consultation on cryptoassets

Basel Committee launches public consultation on cryptoassets

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Basel Committee launches public consultation on cryptoassets

The Bank for International Settlements’ Basel Committee is set to hold a public consultation on the treatment of banks’ cryptoasset exposures.

The committee says that while banks’ exposures to cryptoassets are currently limited, there is “heightened interest” among some players, and this could increase global financial stability concerns and risks to the banking system.

A consultation paper will be published this week as the committee seeks the views of external stakeholders “on the design of prudential treatment of banks’ exposures to cryptoassets”.

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Editorial | what does this mean?

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Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

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