{"id":44131,"date":"2021-06-10T15:52:19","date_gmt":"2021-06-10T12:52:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44131"},"modified":"2025-08-31T15:32:43","modified_gmt":"2025-08-31T12:32:43","slug":"basel-committee-proposes-requirements-for-banks-investing-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/basel-committee-proposes-requirements-for-banks-investing-in-bitcoin\/","title":{"rendered":"Basel Committee proposes requirements for banks investing in Bitcoin"},"content":{"rendered":"<p>Credit institutions should hold enough reserves to cover potential losses from investments in Bitcoin and other cryptocurrencies. The Basel Committee on Banking Supervision (BCBS) put forward this proposal in a published consultative document.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/hashtag\/BaselCommittee?src=hash&#038;ref_src=twsrc%5Etfw\">#BaselCommittee<\/a> proposals differentiate between cryptoassets based on the market, liquidity, credit and operational risks they present for banks <a href=\"https:\/\/twitter.com\/hashtag\/cryptoassets?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptoassets<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/digitalcurrencies?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalcurrencies<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/stablecoins?src=hash&#038;ref_src=twsrc%5Etfw\">#stablecoins<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bankingregulation?src=hash&#038;ref_src=twsrc%5Etfw\">#bankingregulation<\/a> <a href=\"https:\/\/t.co\/KDpV0y0atm\">https:\/\/t.co\/KDpV0y0atm<\/a> <a href=\"https:\/\/t.co\/fzf4QhtWDu\">pic.twitter.com\/fzf4QhtWDu<\/a><\/p>\n<p>\u2014 Bank for International Settlements (@BIS_org) <a href=\"https:\/\/twitter.com\/BIS_org\/status\/1402930293321965568?ref_src=twsrc%5Etfw\">June 10, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the press release, such risks are currently limited for banks, but in the future they could threaten global financial stability.<\/p>\n<p>The regulator argues that banks should assign risk-weighted assets to the various assets on their balance sheets and sum them to define overall capital adequacy requirements. BCBS proposed dividing cryptoassets into two groups:<\/p>\n<ul class=\"wp-block-list\">\n<li>Tokenised traditional assets and stablecoins that fall under existing regulatory rules applicable to bonds, loans and exchange-traded commodities. The risk weight in such a case would range from 0% to 1250%;<\/li>\n<li>Bitcoin and other cryptocurrencies to which a new \u201cconservative prudential regime\u201d will apply. For these, the risk weight will always be 1250%. This means that for dealing with such assets a bank must hold capital equal to or exceeding the size of the corresponding position.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This capital would be sufficient to fully cover cryptoassets without posing a threat to depositors or other senior creditors of the bank,&#8221; the document states.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"680\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/table-1-1-1024x680.png\" alt=\"\u0411\u0430\u0437\u0435\u043b\u044c\u0441\u043a\u0438\u0439 \u043a\u043e\u043c\u0438\u0442\u0435\u0442 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b \u0442\u0440\u0435\u0431\u043e\u0432\u0430\u043d\u0438\u044f \u043a \u0431\u0430\u043d\u043a\u0430\u043c \u0441 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u044f\u043c\u0438 \u0432 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\" class=\"wp-image-138587\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/table-1-1-1024x680.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/table-1-1-300x199.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/table-1-1-768x510.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/table-1-1.png 1213w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Overview of the prudential approach to risks associated with cryptoassets. Data: BCBS.<br \/><\/figcaption><\/figure>\n<p>The regulator stressed that, given the rapid evolution of the digital asset market ahead of final rules, further public consultations are likely.<\/p>\n<p>On June 8, BCBS said it intended to seek stakeholders&#8217; views on approaches to developing the structure of prudential oversight <a href=\"https:\/\/u1f987.com\/en\/news\/basel-committee-to-discuss-development-of-cryptoasset-rules\">in relation to the risks banks face from cryptoassets<\/a>.<\/p>\n<p>BCBS operates under the Bank for International Settlements (BIS) and is tasked with creating uniform regulatory standards.\u00a0<\/p>\n<p>In March, BIS&#8217;s Innovation Hub head Beno\u00eet C\u0153ur\u00e9 said that <a href=\"https:\/\/u1f987.com\/en\/news\/bis-official-bitcoin-failed-as-a-means-of-payment\">Bitcoin had failed<\/a> as a means of payment due to its high volatility.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit institutions should hold sufficient reserves to cover potential losses from investments in Bitcoin and other cryptocurrencies, the Basel Committee on Banking Supervision proposed in its published consultative document.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1269,36],"class_list":["post-44131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cryptocurrencies","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44131"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44131\/revisions"}],"predecessor-version":[{"id":44132,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44131\/revisions\/44132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}