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Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes

Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.

In Basel, Switzerland, regulators are hoping to decide how banks can interact with crypto such as bitcoin (trabantos/Getty Images)
In Basel, Switzerland, regulators are hoping to decide how banks can interact with crypto such as bitcoin (trabantos/Getty Images)