As such, the Basel Committee on Banking Supervision, which helps define norms in the traditional banking space, is calling for banks to maintain “potentially hefty capital” against cryptocurrency holdings lacking “intrinsic backing.” The collapse of New York’s Signature Bank was cited as one example of the importance of monitoring the intersection between traditional banking and the crypto space.
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Basel Committee: Banks Should Disclose, Back Crypto Holdings
International regulators are pushing for new transparency measures compelling banks to disclose their cryptocurrency holdings. So reports Crypto.news.
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