Crypto Treasury Execs Say Basel Risk Weights for Crypto Need Updating
[ad_1] Crypto treasury executives are calling on the Basel Committee on Banking Supervision (BCBS), an international banking regulatory body, to revise the 1,250% risk weight for Bitcoin and other cryptocurrencies under the Basel III framework. The 1,250% capital requirement means that banks must back any Bitcoin (BTC) on their balance sheets at a 1:1 ratio […]
Basel Rethinks Crypto Rules After US, UK Pushback
[ad_1] World financial institution regulators are getting ready to revisit their most stringent crypto guidelines after the USA and the UK refused to implement them, a transfer that threatens to unravel the long-standing consensus of the Basel Committee. In an interview with the Monetary Instances, Erik Thedéen, the governor of the Swedish central financial institution […]