A draft rule that would set a 2% restriction on banks’ Tier 1 capital held in bitcoin has been finalized by the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS). This has the support of the Basel Committee, the main worldwide standard setter for the prudential supervision of banks, as well as the Group of Central Bank Governors and Heads of Supervision, the organization in charge of the Basel Committee’s oversight.
Basel Committee Finalizes Policy Proposing A 2% Limit On Banks’ Bitcoin Exposure
