Basel Committee Suggests Prudent Rules on Crypto Assets.

The Basel Committee which includes banking regulators from the United States, Europe, and Japan published its report on the prudential treatment of crypto-assets and recommends that crypto-assets should not be accepted as credit risk mitigation collateral and others. BCBS also expresses the idea that if authorized banks that decide to acquire crypto assets or provide related services should use prudence, especially for high-risk tokens.

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