-0.49% Bitcoin (BTC) 19419.67 EUR
-4.12% Ethereum (ETH) 1070.18 EUR
-0.21% Litecoin (LTC) 51.23 EUR
+0.35% B-Cash (BCH) 101.72 EUR
-3.72% Ethereum (ETH) 0.0556914 BTC
+0.15% Litecoin (LTC) 0.00266438 BTC
+0.76% B-Cash (BCH) 0.0053227 BTC
-1.27% Bitcoin (BTC) 20247.4296 USDC
+0.82% USD Coin (USDC) 0.95 EUR
-1.26% Bitcoin (BTC) 20294.536 USDT
+0.81% Tether (USDT) 0.95 EUR
-2.28% Chainlink (LINK) 6.05 EUR
-1.94% Chainlink (LINK) 0.00031468 BTC
+1.91% Dogecoin (DOGE) 0.06 EUR
+2.35% Dogecoin (DOGE) 0.00000347 BTC
+1.33% Uniswap (UNI) 4.95 EUR
+1.80% Uniswap (UNI) 0.00025825 BTC
-1.29% Cardano (ADA) 0.44 EUR
-0.67% Cardano (ADA) 0.00002339 BTC
-2.93% Tron (TRX) 0.06 EUR
-2.70% Tron (TRX) 0.00000324 BTC
+0.81% Shiba Inu (SHIB) 0.00001 EUR
-2.48% Zcash (ZEC) 55.91 EUR
-2.03% Zcash (ZEC) 0.0029189 BTC
+2.11% Basic Attention Token (BAT) 0.00001928 BTC
-1.17% TradeFlow (TFLOW) 0.06013772 BUSD

Crypto Banking Rules Now Due This Year From Basel Committee

06-01-2022

Norms governing banks' exposure to crypto assets will be completed this year, the Basel Committee on Banking Supervision said, taking notice of recent market struggles as a reason to push ahead with the controversial plans.

The global banking standard-setter last year proposed rules requiring lenders to hold $1 in capital for each $1 of crypto held. That faced significant opposition from the likes of JPMorgan Chase (JPM) and Deutsche Bank (DB), two banks that viewed that as an overly arduous standard.

"Recent developments have further highlighted the importance of having a global minimum prudential framework to mitigate risks from crypto assets," the committee said in a statement, likely referring to the recent collapse of Terra's USD stablecoin.

"The committee plans to publish another consultation paper over the coming month, with a view to finalizing the prudential treatment around the end of this year," it said. Since 2008, the Basel, Switzerland-based organization has steadily toughened banks' capital requirements to avoid a repeat of the financial crisis.

 

Source: Coindesk