Australia prudential regulator outlines policy roadmap for crypto assets

Headlines via Reuters. 

APRA

sets out initial
risk management expectations and policy roadmap for crypto-assets
regulated entities
should engage with responsible supervisor if they are undertaking
activities associated with crypto-assets
expects all
regulated entities will adopt prudent approach if they are
undertaking activities associated with crypto-assets
expects all
regulated entities to conduct due diligence, comprehensive risk
assessment before engaging in crypto-assets related activities
developing
longer-term prudential framework for crypto-assets in consultation
with other regulators internationally
in period ahead,
plan to consult on requirements for prudential treatment of
crypto-asset exposures in Australia for ADIs
in period ahead,
plan to consider possible approaches to the prudential regulation of
payment stablecoins, among others

ps. ADI = Authorised deposit-taking institution

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