Global regulators push ahead with crypto bank capital rules

Published by
Reuters UK

By Huw Jones LONDON (Reuters) – Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books. Last June the committee proposed that banks set aside enough capital to cover losses on any bitcoin holdings in full. Certain tokenised traditional assets and stablecoins could, however, come under existing capital rules and be treated like bonds, loans, deposits or commodities. Earlier this month TerraUSD, a stablecoin tied to the U.S. dollar, collapsed. “Recent developments have further highlighted the importance of …

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