Data Privacy & Security Data Privacy & Security

Banks need clearer guidance on capital surcharges for Bitcoin, other virtual assets, IIF says

By Fiona Maxwell
  • 17 Mar 2020 07:46
  • 17 Mar 2020 07:46

A global banking association has called for a clearer definition of what is a cryptoasset, such as Bitcoin, as regulators try to design a framework that could see lenders holding more capital for exposures to those assets.

The Institute of International Finance called for a “clear taxonomy” to define which virtual

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