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Global bank regulators plot toughest capital regulation for bitcoin


Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a conservative step that could prevent widescale use of the cryptocurrency by big lenders.
The Basel Committee on Banking Supervision, made up of regulators from the world s leading financial centres, proposed a twin approach to capital requirements for cryptoassets held by banks in its first bespoke rule for the nascent sector.
El Salvador has become the world s first country to adopt bitcoin as legal tender even though central banks globally have repeatedly warned that investors in the cryptocurrency must be ready to lose all their money. ....

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