“Pending the finalisation of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier cryptoassets such as Bitcoin and Ether,” he said. “… Based on MAS’ minimum total capital adequacy requirement of 10% for systemically important banks incorporated in Singapore, this means that Singapore-incorporated banks are required to hold $125 of capital against an exposure of $100 to a cryptoasset like Bitcoin.”
India launched two CBDC pilots last year. The first, a wholesale CBDC effort (CBDC-W), began on Nov. 1 with...
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Organizations are using cryptocurrencies – borderless by nature – to get international aid into Turkey. Source link
The SEC-registered investment firms offering or advising about cryptocurrencies will be a focus, and the regulator will make sure...
Self-directed IRAs sometimes offer crypto investments, the SEC said, and those “may be securities that are offered without SEC...
