How do banks measure the risk of encrypted assets? Basel Accord: bitcoin risk weight 1250%
Original title: how do banks measure the risk of encrypted assets? Basel Accord: bitcoin risk weight 1250%. How should commercial banks assess the risk level of encrypted digital assets such as bitcoin? The Basel Accord recommends a risk weight of 1250%. On June 10, the Basel Committee issued a consultation document entitled “prudent treatment of encryption asset risks”. According to the FSB definition, token, stable currency and bitcoin are called cryptoassets, which mainly rely on cryptography and distributed ledger or similar technologies. The prudent treatment of central bank digital currency (CBDC) is not in the scope of discussion. According to the Basel Committee’s recommendations, the first group of encryption assets includes token based traditional assets and encryption assets with effective stability mechanism,

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