March 28, 2024

AndronETalksNews

AndronETalksNews

BASEL COMMITTEE FINALIZES POLICY SUGGESTING 2% BITCOIN EXPOSURE CAP FOR BANKS

Bitcoin Magazine

December 16, 2022

The Bank for International Settlements’ (BIS) Basel Committee on Banking Supervision has finalized a proposed policy that would place a 2% limit on banks’ Tier 1 capital held in bitcoin. This comes with an endorsement from the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, which is the “primary global standard setter for the prudential regulation of banks.

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