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Wednesday

23 June 2021

'Banks Must Cover Bitcoin Holdings With Own Capital': Regulators - Decrypt

'Banks Must Cover Bitcoin Holdings With Own Capital': Regulators - Decrypt


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Banks must set aside sufficient capital to cover any losses they may suffer as a result of Bitcoin holdings in full, according to The Basel Committee on Banking Supervision, a committee comprised of regulators from around the world.

These crypto assets will be now be subject to "conservative prudential treatment," meaning that they will carry a risk weighting of 1,250%.

 In simple terms, this means that any bank that holds Bitcoin or an equivalent crypto asset will have to hold capital at least in value to their exposure.

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