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Global banking regulator plans to hold consultation on crypto exposure

Published 06/07/2021, 11:53 AM
Updated 06/07/2021, 01:40 PM
Global banking regulator plans to hold consultation on crypto exposure

The Basel Committee on Banking Supervision has said it will be publishing a consultation paper aimed at banks reducing their risk of exposure to crypto.

According to the Switzerland-based Bank of International Settlements, or BIS, the Basel Committee will publish the paper on crypto exposure this week following its decision to hold a public consultation on the matter. The announcement came during a Friday meeting, during which the committee also discussed the impact of the current pandemic on the banking system as well as any proposed policy initiatives:

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