Basel Committee clarifies ‘expectations’ on crypto
Banks must meet certain minimum standards if they want to trade crypto assets
The Basel Committee on Banking Supervision (BCBS) set out its minimum expectations on banks’ handling of crypto assets today (March 13).
The committee is currently working to provide greater clarity about the prudential treatment of the highly risky assets, but has released several guidelines for any bank that is authorised to hold crypto assets and chooses to do so.
Some jurisdictions have imposed outright bans on crypto asset trading, or prohibited banks from acting in the market. The BCBS
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