NEWS: International banking groups push back against crypto rules
By Elizabeth Howcroft
A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks to participate in crypto markets.
The Basel Committee on Banking Supervision, which comprises regulators and central banks from the world’s main financial centres, agreed a set of standards in 2022 for how banks should manage and disclose risks around their exposure to crypto assets.
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