Techub News: Strategy CEO Phong Le tweeted that the Basel Accords set global banking capital standards and asset risk weighting rules, which have a substantial impact on how banks participate in digital asset trading, including Bitcoin. These frameworks are developed 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 Cryptocurrency Capital," it is necessary to carefully evaluate the methods of capital provisioning and risk weighting under the Basel framework.
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Techub News: Strategy CEO Phong Le tweeted that the Basel Accords set global banking capital standards and asset risk weighting rules, which have a substantial impact on how banks participate in digital asset trading, including Bitcoin. These frameworks are developed 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 Cryptocurrency Capital," it is necessary to carefully evaluate the methods of capital provisioning and risk weighting under the Basel framework.