Digital Assets Guidelines
Published: Tuesday December 12th, 2023
These Guidelines provide an overview of the Central Bank’s expectations of SFIs that are exposed to digital asset activities. Digital assets are a diverse asset class with varying characteristics that in certain cases may resemble traditional financial assets such as bonds, equities, commodities and cash held in custody. The Central Bank subscribes to the philosophy of “same risk, same activity, and same treatment”[1]. Therefore, the prudential treatment of digital assets is based on the risks that are associated with the underlying characteristics of these assets. Where there may exist additional risks posed by these assets, SFIs should ensure that the risks are promptly identified, measured, and mitigated.
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