PANews February 20 News, Strategy CEO Phong Le posted on X that the Basel Accords set global banking capital standards and asset risk weighting rules. These frameworks substantially impact how banks participate in digital asset-related businesses, including Bitcoin. The rules are formulated by the Basel Committee, which covers 28 jurisdictions and is composed of central banks and regulatory agencies from various countries. The United States is only one of these jurisdictions. If the US aims to become the “global crypto capital,” it is necessary to re-evaluate the approach to capital provisioning and risk weights under the Basel framework.
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