September 14 2021
GBIC comments on the regulatory treatment of cryptoassets
The GBIC has commented on a consultation of the Basel Committee on Banking Supervision on the regulatory treatment of crypto assets. From the point of view of the DK, a uniform global framework is required for the regulatory handling of crypto assets. This framework should apply to banks and non-banks alike. Decisive points here are regulatory clarity as well as a consistent taxonomy and standardisation of crypto assets. The primary goal must be to ensure financial stability. At the same time, such a legal framework should not be too restrictive, especially at the current early stage, so that banks have the opportunity to gain experience with this asset class.