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22 June 2021

Basel Committee Classifies Bitcoin as High Risk for Banks | Crypto Briefing

Basel Committee Classifies Bitcoin as High Risk for Banks | Crypto Briefing


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Basel Committee Classifies Bitcoin as High Risk for Banks.

The Basel Committee for the world’s leading central banks proposed a maximum capital requirement for crypto exposure because of risk arising from price volatility and money laundering. .

While partnerships between traditional banking services and crypto businesses are currently few and far between, the Basel Committee has highlighted its concerns that some banks might engage with the space in the future.El Salvador’s recent move to make Bitcoin legal tender, and the support of other Latin American leaders, speaks volumes of this rising interest.

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