• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Basel Committee Proposes Strict Capital Requirements for Bitcoin Exposed Banks

191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The Basel Committee on Banking Supervision, the worldwide requirements physique for banking regulation, introduced on June 10 that it’ll impose strict capital necessities on banks with publicity to Bitcoin and different cryptocurrencies. different cryptocurrencies.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

The sketch has two areas. One group contains crypto property and stablecoins. The second group contains Bitcoin and others. As proven within the chart under, there will likely be strict capital necessities as a result of danger that the asset carries. We can see the Basel Committee suggest a really excessive danger quantity for Bitcoin, as much as 1250%.

This is a really notable launch, because the world’s main banks are pursuing custodial providers to satisfy demand from their clients. The session with an connected reply date in September of this yr alerts that world banking regulators intend to take a cautious method to supervision, requiring banks to carry ample capital to cowl all doable losses.

The Basel Committee first indicated that it needs to introduce crypto-asset security guidelines by the top of 2019. In December 2019, Basel printed a dialogue doc, claiming that the event of cryptocurrencies can pose dangers to monetary stability and banks. Therefore, a prudent remedy of publicity to cryptocurrencies needs to be utilized to banks.

In the introduction of the session doc, the Commission famous that the proposals would open the door to stricter necessities on the discretion of the banks themselves.

Any Commission-designated remedy for cryptocurrencies will turn into the minimal customary for banks working internationally. Financial authorities are free to undertake further and extra optimum measures if warranted. These will likely be thought-about to adjust to world security requirements.

Synthetic

Maybe you have an interest:

Join the chat group Coinlive Chats Now let’s focus on scorching problems with DeFi market with Coinlive admins!!!

[ad_2]

Tags: BanksBaselBitcoinCapitalCommitteeExposedProposesRequirementsStrict
Share76Tweet48

Related Posts

XRP Surpasses Resistance Level, Gains 5%

by shark
May 10, 2025
0

Ripple's XRP experienced a significant increase, surpassing its resistance level and rising over 5% in the last 24 hours, fueled...

Institutional Bitcoin Inflows Surge, Ethereum Faces Outflows

by shark
May 10, 2025
0

Bitcoin sees major institutional inflows, Ethereum experiences outflows amid shifting investor sentiment.

Bitcoin Options Expiry Anticipates Market Volatility

by shark
May 10, 2025
0

Bitcoin is experiencing potential turbulence as $2.57 billion in options contracts are set to expire, affecting market liquidity and price...

BingX Launches ChainSpot to Integrate DeFi Features

by shark
May 10, 2025
0

BingX introduces ChainSpot, merging DeFi with centralized trading, enhancing user access and security.

Meta Explores Stablecoins for Cross-Border Payments

by shark
May 10, 2025
0

Meta is exploring the use of stablecoins for cross-border payments, enhancing its interest in cryptocurrency and fintech innovation for global...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • XRP Surpasses Resistance Level, Gains 5%
  • Institutional Bitcoin Inflows Surge, Ethereum Faces Outflows
  • Bitcoin Options Expiry Anticipates Market Volatility
  • BingX Launches ChainSpot to Integrate DeFi Features
  • Meta Explores Stablecoins for Cross-Border Payments
  • Bitcoin ETFs Gain, Ethereum Sees Declines in May Flows
  • Coinbase Q1 Revenue Surges Despite Drop in Net Income
  • Ethereum Foundation Allocates $32.65M for L2 and Education
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7