Basel Committee calls for ‘prudential’ rules for crypto as they pose risks to banks

Basel Committee calls for ‘prudential’ rules for crypto as they pose risks to banks – The Block

The Basel Committee on Banking Supervision, which includes banking regulators from the U.S., U.K., Japan, and several other countries, has called for “prudential” regulatory treatment of cryptocurrencies and stablecoins. The committee, a unit of the Bank for International Settlements, has published a discussion paper, saying that the growth of cryptocurrencies and related services could pose …