On 7 June 2021, the Basel Committee on Banking Supervision (Basel Committee) issued a press release following its meeting on 4 June 2021. During this meeting the Basel Committee took stock of COVID-19 risks to the banking system and discussed policy and supervisory initiatives. In terms of crypto-assets the press release notes that the Basel Committee will shortly issue a public consultation to seek views on the design of the prudential treatment of banks’ exposures to crypto-assets.  This will build on an earlier discussion paper.

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