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Basel Committee outlines tough stance on cryptocurrencies

Basel Committee outlines tough stance on cryptocurrencies

The Basel Committee on Banking Supervision (BCBS) issued a consultation paper on the prudential treatment of banks’ cryptoasset exposures on June 10, in a bid to provide banks with a regulatory framework to deal with the fast-developing asset class. The move comes as policy-makers around the world take steps to control the largely unregulated market. China … Read more

Basel Committee outlines tough stance on cryptocurrencies

Basel Committee outlines tough stance on cryptocurrencies

The Basel Committee on Banking Supervision (BCBS) issued a consultation paper on the prudential treatment of banks’ cryptoasset exposures on June 10, in a bid to provide banks with a regulatory framework to deal with the fast-developing asset class. The move comes as policy-makers around the world take steps to control the largely unregulated market. China … Read more