Our position on the BCBS discussion paper on prudential crypto-assets standard (January 2020)

The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on prudential crypto-assets standard on 12 December 2019 and solicited comments until 13 March 2020.

In our paper we explain why although the initiative is laudable, the preliminary direction is misguided in our view.

The text was first published by Bank SEBA on 16 January 2020 in the form of a research paper authored by METI Advisory in its capacity as external regulatory analyst.