5 days ago • Posted by William Ramstein

Basel committee seeks more rigour around crypto regulation

Swiss-based Basel committee said that banks should apply a 1,250% risk weight to Bitcoin meaning that if a bank holds $100 of bitcoin exposure, it would give risk to a risk-weighted assets of $1,250-given an 8% minimum capital requirement results in banks setting aside at least $100. On another note, banks in Europe will be testing CBDC transfers--the Swiss National Bank and the Banque de France said yesterday that they will conduct experiments.

Source: WSJ