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December 16, 2022Law & sovereign policyRegulatory guidancedocumented

Basel Committee publishes its bank crypto-asset standard

The Basel Committee finalized a prudential treatment for banks' crypto-asset exposures, including a conservative category for Bitcoin.

Unbacked crypto assets such as bitcoin fall into a higher-risk group with stringent capital treatment and an aggregate exposure limit. The standard set an international baseline subject to implementation by member jurisdictions.