{"id":268627,"date":"2021-06-07T18:53:24","date_gmt":"2021-06-07T15:53:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/global-banking-regulator-plans-to-hold-consultation-on-crypto-exposure\/"},"modified":"2021-06-07T18:53:24","modified_gmt":"2021-06-07T15:53:24","slug":"global-banking-regulator-plans-to-hold-consultation-on-crypto-exposure","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/global-banking-regulator-plans-to-hold-consultation-on-crypto-exposure\/","title":{"rendered":"# Global banking regulator plans to hold consultation on crypto exposure"},"content":{"rendered":"<p>&#8220;<strong># Global banking regulator plans to hold consultation on crypto exposure  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZjFkYjE1YTktYzk0OS00MWI2LTg4OTAtOGNmMjRjY2E3MjI0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Basel Committee on Banking Supervision has said it will be publishing a consultation paper aimed at banks reducing their risk of exposure to crypto.\u00a0<\/p>\n<p>According to the Switzerland-based Bank of International Settlements, or BIS, the Basel Committee will <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bis.org\/press\/p210607.htm\">publish<\/a> the paper on crypto exposure this week following its decision to hold a public consultation on the matter. The announcement came during a Friday meeting, in which the committee also discussed the impact of the current pandemic on the banking system as well as any proposed policy initiatives:<\/p>\n<blockquote><p>\u201cWhile banks&#8217; exposures to cryptoassets are currently limited, the continued growth and innovation in cryptoassets and related services, coupled with the heightened interest of some banks, could increase global financial stability concerns and risks to the banking system in the absence of a specified prudential treatment.\u201d<\/p><\/blockquote>\n<p>The BIS added that though many authorities seek the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of the Basel Committee, the regulator relies on its members to enforce proposed actions. In other words, the committee\u2019s decisions do not carry the force of law. Banking regulators from countries including Japan, the U.S., and many in Europe are members of the group.<\/p>\n<p>Calling for a \u201cprudential treatment\u201d of crypto has been a common theme for the committee. In 2019, the regulator said that cryptocurrencies were \u201cunsafe to rely on\u201d as a medium of exchange or store of value.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/global-banking-regulator-plans-to-hold-consultation-on-crypto-exposure\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Global banking regulator plans to hold consultation on crypto exposure &#8221; The Basel Committee on Banking Supervision has said it will be publishing a consultation paper aimed at banks reducing their risk of exposure to crypto.\u00a0 According to the Switzerland-based Bank of International Settlements, or BIS, the Basel Committee will publish the paper on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":268628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZjFkYjE1YTktYzk0OS00MWI2LTg4OTAtOGNmMjRjY2E3MjI0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,74858,71939,71511,73711,70934,74151],"class_list":["post-268627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-bitcoin-regulation","tag-banks","tag-government","tag-investments","tag-regulation","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/268627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=268627"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/268627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/268628"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=268627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=268627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=268627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}