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Basel Committee Proposes Highest Risk Weightage for Bitcoin

The Basel Committee on Banking Supervision that comprises 45 members from 28 jurisdictions today proposed two sets of regulations for the crypto assets. The new proposals give a conservative prudential treatment to crypto-assets such as Bitcoin without any real-world backing citing high-risk factors. The proposal divided the crypto assets into two broad categories first being

The Basel Committee on Banking Supervision that comprises 45 members from 28 jurisdictions today proposed two sets of regulations for the crypto assets. The new proposals give a conservative prudential treatment to crypto-assets such as Bitcoin without any real-world backing citing high-risk factors. The proposal divided the crypto assets into two broad categories first being