Autor
Fecha de publicación
30-may-2023
Descripción física
27 p.
Resumen
The growth of crypto-assets in recent years, their potential use as a means of
exchange or saving, and their possible risks to financial stability, arising, among
other things, from their interconnections with the banking sector, have drawn the
attention of national and international authorities. In terms of the regulation of these
assets, of note at the European level is the European Union’s proposal for a regulation
on markets in crypto-assets, which establishes a regulatory framework for all those
crypto-assets that currently lie outside the scope of the European Union’s existing
regulation on financial services. As regards their treatment in the banking sector, in
December 2022 the Basel Committee on Banking Supervision published the global
standard on the prudential treatment of banks’exposures to crypto-assets. In this
article we review the main characteristics of these two regulatory developments,
which are essential for the future of the crypto-asset ecosystem’s relationship with
the traditional financial world.
Notas
Artículo de revista
Publicado en
Financial Stability Review / Banco de España, 44 (Spring 2023), p. 111-137
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