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.
