Home Cryptocurrency Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says

Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says

by admin



An original June 2021 plan from the Basel Committee, which told banks to issue $1 in capital for each $1 of crypto they hold, drew a volley of criticism for being too conservative, effectively ruling out any incentive to get into crypto markets. A later iteration, published one year later, gave some ground to crypto fans by recognizing the impact of hedging, but also imposed a cap on total exposure to unbacked crypto assets like bitcoin.

Source link

related posts