![Bitcoin and crypto currency ATM machine is pictured in a shop in Weehawken](https://img.etimg.com/thumb/msid-83311705,width-650,height-488,imgsize-20652,resizemode-75/bitcoin-and-crypto-currency-atm-machine-is-pictured-in-a-shop-in-weehawken.jpg)
A global banking watchdog said on Monday it will consult on how banks should shield themselves from risks stemming from crypto-assets in the latest sign of how regulators are turning up the heat on a growing and volatile asset.
"The committee agreed to publish a consultation paper to seek the views of external stakeholders on the design of prudential treatment of banks' exposures to cryptoassets," the Swiss-based Basel Committee of banking regulators said in a statement.
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"The committee agreed to publish a consultation paper to seek the views of external stakeholders on the design of prudential treatment of banks' exposures to cryptoassets," the Swiss-based Basel Committee of banking regulators said in a statement.