Basel Committee raises cryptocurrency concerns

Continued rise of crypto trading could lead to financial instability, BCBS warns

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Dark side: cryptocurrencies present risks to financial institutions with exposure to digital assets

The increasing number of trading platforms catering to cryptocurrencies and other digital assets could present a risk to financial stability, and result in additional risks being faced by banks, said the Basel Committee on Banking Supervision in a statement on March 13.

While the size of the market for cryptocurrencies remains relatively small compared with the financial sector as a whole, they nonetheless present risks to financial institutions exposed to digital assets, notwithstanding their

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