Basel Committee raises cryptocurrency concerns
Continued rise of crypto trading could lead to financial instability, BCBS warns
The increasing number of trading platforms catering to cryptocurrencies and other digital assets could present a risk to financial stability, and result in additional risks being faced by banks, said the Basel Committee on Banking Supervision in a statement on March 13.
While the size of the market for cryptocurrencies remains relatively small compared with the financial sector as a whole, they nonetheless present risks to financial institutions exposed to digital assets, notwithstanding their
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