BIS paper proposes bank-style regulation for large crypto exchanges
The Financial Stability Institute, part of the BIS, has published a report analyzing the activities and risk profile of cryptoasset service providers (CASPs).
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The Financial Stability Institute paper labels Binance, Coinbase, OKX and peers 'multifunction cryptoasset intermediaries' handling $6-8 trillion quarterly each in spot and futures volume, and urges bank-style prudential requirements for their credit and liquidity risks.
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