Strategy CEO: Basel Accords impact banking participation in Bitcoin; US should reassess capital requirements.

PANews reported on February 20th that Strategy CEO Phong Le stated in an article on the X platform that the Basel Accords set global capital standards and risk-weighted asset rules for banks. These frameworks substantially impact how banks participate in digital asset (including Bitcoin) related businesses. These rules are developed by the Basel Committee (composed of central banks and regulatory agencies from 28 jurisdictions, with the United States being just one of them). If the United States aspires to become the "global crypto capital," it needs to carefully reassess the implementation methods of capital requirements and risk weighting under the Basel framework.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together