Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Basel Committee proposes strict capital requirements for banks with bitcoin exposure

The Basel Committee for Banking Supervision, the global standards body for bank regulation, published a consultation on Thursday that, if ultimately put into effect, would impose strict capital requirements for banks that have exposure to bitcoin and other cryptocurrencies. It’s a notable release, given that major banks around the world pursue custodial services in response …

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