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Bitcoin should carry toughest capital requirements for banks, given risks from volatility, global watchdog says

From markets.businessinsider.com

Bitcoin should carry the tightest capital requirements for banks due to its high levels of volatility, while lower-risk stablecoins should be assessed like stocks, the Bank of International Settlements said in a report on Thursday . The Basel Committee on Banking Supervision, which is the most powerful group of central bank representatives when it comes to setting banking standards, said banks should have to hold $1 in capital for every $1 worth of bitcoin they hold. This is due to the volatile nature of bitcoin and similar cryptocurrencies that prevent them from fulfilling certain conditions, for example relating to ... (full story)

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