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Bank regulators plan 'conservative' capital rule for bitcoin - Netscape Money & Business

Bank regulators plan 'conservative' capital rule for bitcoin - Netscape Money & Business
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Bank regulators plot toughest capital rule for bitcoin

Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by big lenders.

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Bitcoin Holdings Should Face 'Conservative' Capital Rule From Banks, Global Regulators Propose

Banks must set aside enough capital to cover losses on any Bitcoin holdings in full, global banking regulators proposed, in a "conservative" step that could prevent widescale use of the cryptocurrency by major lenders.

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Global bank regulators plot toughest capital regulation for bitcoin

Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a "conservative" step that could prevent widescale use of the cryptocurrency by big lenders.
The Basel Committee on Banking Supervision, made up of regulators from the world's leading financial centres, proposed a twin approach to capital requirements for cryptoassets held by banks in its first bespoke rule for the nascent sector.
El Salvador has become the world's first country to adopt bitcoin as legal tender even though central banks globally have repeatedly warned that investors in the cryptocurrency must be ready to lose all their money.

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