4. International Standards and recommendation regarding Digital Assets Prudential Norms The Basel Committee on Banking Supervision has, on 13 March 2019, issued a Statement on Crypto-Assets wherein the Basel Committee opines that “the continued growth of crypto-assets trading platforms and new financial products related to crypto-assets has the potential to raise financial stability concerns and increase risks faced by banks.” The Basel Committee has accordingly set out its prudential expectations related to banks’ exposures to crypto-assets and related services.
World trade has grown at more than twice the pace of GDP growth for decades, and foreign direct investment rose six-fold during the decade to 1996 (compared with a mere doubling of domestic investment in the same period).