Don’t Penalize Crypto in Banking Guidelines, Futures Business Group Says

Don’t Penalize Crypto in Banking Guidelines, Futures Business Group Says

by Jeremy

An unique June 2021 plan from the Basel Committee, which informed banks to challenge $1 in capital for every $1 of crypto they maintain, drew a volley of criticism for being too conservative, successfully ruling out any incentive to get into crypto markets. A later iteration, printed one yr later, gave some floor to crypto followers by recognizing the impression of hedging, but in addition imposed a cap on whole publicity to unbacked crypto belongings like bitcoin.

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