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Basel Committee to issue second consultation on crypto

The global standard setter for banking regulation want to finalize its treatment of crypto assets near the end of this year. The Basel Committee on Banking Supervision (BCBS) published an update related to its May 27 meeting today. During that meeting, it says it made progress on a second consultation paper on the “prudential treatment of banks’ cryptoasset exposures.” The body published a first consultation paper last year, proposing to strict capital requirements for banks that have exposure to crypto …