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Basel regulators begin vetting crypto capital rules

Jun 11, 2021

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.