Basel regulators begin vetting crypto capital rules
The Basel Committee on Banking Supervision published a public consultation document with preliminary proposals for the prudential treatment of banks' cryptoasset exposures.
Proposal: The committee of banking regulators proposed separate capital approaches for tokenized traditional assets and for cryptocurrencies like Bitcoin, saying their continued growth could pose risks to capital.
Next: Comments on the Basel proposal are due Sept. 10.
More: ICBA offers community bank primers on central bank digital currency and cryptocurrency. Its Main Street Matters blog features recent posts on CBDC models and the evolution of Bitcoin.