MysticInfinity
Wed Jul 10 2024
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5 answers
1356
Does Basel Committee publish a second consultation document on cryptoasset exposures?
In the realm of financial regulation and cryptocurrency oversight, a pressing question arises: Has the Basel Committee, the international body that sets standards for banking supervision, issued a second consultation document addressing cryptoasset exposures? The initial consultation document, if any, likely delved into the complexities of managing risks posed by cryptoassets, such as Bitcoin and Ethereum. However, with the rapid evolution of the crypto landscape, there is a pressing need to reassess and potentially refine these recommendations. Therefore, it begs the question: has the Basel Committee recognized this need and responded with a second consultation document, aimed at providing updated guidance to banks and financial institutions on how to approach cryptoasset exposures?
