Global Banking Watchdog to Revise Overly Strict Crypto Capital Rules
The Basel Committee on Banking Supervision (global banking regulator) acknowledges its previous crypto capital requirements were excessive and will rewrite them.
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Terms & Concepts
Basel Committee on Banking Supervision: A global banking regulator that sets standards for prudential regulation of banks, including capital requirements.
Crypto Capital Rules: Regulatory requirements determining the amount of capital banks must hold against cryptocurrency-related exposures.