Basel Committee presses on with restrictive requirements for banks’ crypto holdings By Cointelegraph

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Basel Committee presses on with restrictive requirements for banks’ crypto holdings

Published May 31, 2022 03:00PM ET Updated May 31, 2022 04:40PM ET

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Basel Committee presses on with restrictive requirements for banks’ crypto holdings

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The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end.

In a Tuesday press release, the committee issued the following statement, which was likely in reference to the recent collapse of the Terra ecosystem:

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Basel Committee presses on with restrictive requirements for banks’ crypto holdings

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