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Banking Regulator Calls for Rethink on Crypto Capital Rules
Basel chief urges a rethink of proposed ultra-high capital rules for banks’ crypto exposure.
Erik Thedéen, chair of the Basel Committee, has urged global regulators to revisit rules that force banks to hold extreme amounts of capital against crypto. The rules mandate a hefty 1,250% risk weighting for volatile assets like bitcoin and stablecoins.
Thedéen argues the framework is overly punitive and detached from current crypto realities, especially as stablecoin usage surges globally and institutional adoption grows.