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Basel Committee On Banking Supervision: Crypto Assets Pose A Threat To Financial Stability

Liang CHE

Summary: On March 13, the International Banking Authority's Basel Committee on Banking Supervision (BCBS) issued a warning statement on the development of cryptographic assets on the official website. BCBS is a committee of banking regulators sponsored and supported by the Swiss International Bank for Settlement (BIS), which consists of 60 world central banks.

On March 13, the International Banking Authority's Basel Committee on Banking Supervision (BCBS) issued a warning statement on the development of cryptographic assets on the official website. BCBS is a committee of banking regulators sponsored and supported by the Swiss International Bank for Settlement (BIS), which consists of 60 world central banks.

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