The bank associated with the International Settlements’ Basel Committee is going to conduct a consultation available to the public on how cryptocurrency-asset exposures are treated. The committee came together in early June, and talked about market developments that relate to cryptocurrency assets.
It also talked about varying strategies for approaching banks that allow for exposure to cryptocurrency assets. An increasing interest in cryptocurrency assets, as well as the speed of development and innovation in the market ‘could increase global financial stability concerns and risks to the banking system.’
It intends to look at stakeholder’s opinions of banks associating with cryptocurrency assets, and a report will be put out sometime in the near future.