Basel Committee Says It Will Study Crypto-Asset Rules

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.