After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets "where there is no counterparty." According to a new consultation report from the BIS' Basel Committee on Banking Supervision, the exposure limit for banks should be set at 1% of "Tier 1 capital," meaning the capital held in a bank's main reserves....
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
Crypto News - 30 Jun 2022 16:35
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets "where there is no counterparty." According to a new consultation report from the BIS' Basel Committee on Banking Supervision, the exposure limit for banks should be set at 1% of "Tier 1 capital," meaning the capital held in a bank's main reserves....
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