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by markhuggins
1257 days ago
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A quick read seems to me to state that no, the Basel crowd did not give banks an OK to hold 2% in Bitcoin. On the contrary they've added a new rule that states it needs to be <1% (and even then should be risk weighted at 1250%). BIS (https://www.bis.org/bcbs/publ/d545.pdf)
This states that banks should in the normal course of business hold less than 1% and must report anything higher, 2% is when an additional 'penalty' applies. |
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