Basel Committee crypto asset prudential treatment proposals get detailed responses

Cointelegraph

Published Oct 04, 2022 08:00AM ET

Updated Oct 04, 2022 09:40AM ET

The comments period has ended for the Basel Committee on Banking Supervision's (BCBS's) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022.

International financial associations had a lot to say in response. Several did so at once in a joint 84-page comment letter released on Oct. 4. In addition, there were a few lone voices, although they did not differ significantly in content from the conclusions made by the joint associations.

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