Banks would have to set aside capital equal to bitcoin exposure under new propos
Banks will need to set aside capital for their exposure to cryptocurrencies under a proposal put forward on Thursday by the Basel Committee on Banking Supervision.
"While banks' exposures to cryptoassets are currently limited, the continued growth and innovation in cryptoassets and related services, coupled with the heightened interest of some banks, could increase global financial stability concerns and risks to the banking system in the absence of a specified prudential treatment.
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