Bitcoin part of highest risk category in Basel's new bank capital plan

Bitcoin part of highest risk category in Basel's new bank capital plan

The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies like Bitcoin. The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC).In a consultation paper published Thursday, the committee provided preliminary proposals for the prudential treatment of crypto exposure by banks.The paper built on the contents of the committee’s 2019 discussion paper and responses received from various....


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