Global banking regulator to study crypto-assets rules

A global banking watchdog said on Monday it will consult on how banks should shield themselves from risks stemming from crypto-assets in the latest sign of how regulators are turning up the heat on a growing and volatile asset.

“The committee agreed to publish a consultation paper to seek the views of external stakeholders on the design of prudential treatment of banks’ exposures to cryptoassets,” the Swiss-based Basel Committee of banking regulators said in a statement.