On 16 July a report on crypto-assets by the FSB reveals that the Basel Committee is “conducting an initial stock take on the materiality of banks’ direct and indirect exposures to crypto-assets”. Currently cryptocurrencies such as Bitcoin are covered by Basel rules on minimum capital requirements and liquidity for “other assets”. FSB has published a framework, developed with the BIS Committee on Payments and Market Infrastructures, for monitoring the risks to financial stability from crypto-assets. The International Organisation of Securities Commissions is also examining regulatory issues around “crypto-asset platforms” such as crypto exchanges. The threat of heavy regulation or total ban on exchange trading hangs over Bitcoin since early 2018. The price of major digital currencies such as Bitcoin, Ethereum, Ripple and Litecoin, has seen significant volatility in the face of regulatory initiatives and hacks on exchanges.