Banks Face Tough Global Capital Rules For Crypto Assets

Law360, London (June 10, 2021, 1:00 PM BST) -- Global financial regulators proposed tougher capital requirements on Thursday for banks holding Bitcoin and other cryptocurrencies, as authorities seek to manage threats to the financial system caused by the rapid growth of digital assets.

The Basel Committee on Banking Supervision, which writes standards for lenders worldwide, said it plans to hold banks that have exposure to volatile cryptocurrencies, which also include Ethereum, to stricter capital requirements than other asset classes.

Banks should hold more capital against the risk of a change in the value of a crypto asset, its potential default or the potential default of the buyer, the committee said....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!