Basel Committee Says It Will Study Crypto-Asset Rules
The committee said it will publish a consultation document later this week.
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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.
Read more: BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
