Wall Street calls for Basel review of outdated 1,250% crypto capital rules

Wall Street calls for Basel review of outdated 1,250% crypto capital rules

Title: Basel: Review of outdated 1,250% crypto capital rules called for

In recent years, the crypto industry has made significant progress and become an important part of global financial markets. In this context, the discussion about appropriate regulatory frameworks is crucial. Wall Street has now demanded that Basel, the institution responsible for international banking regulations, reconsider the outdated 1,250% crypto capital rules.

These high capital requirements come from a time when cryptocurrencies were still in their infancy and were considered high-risk investments. The previous regulations impose an exorbitant capital requirement of 1,250% on banks for investments in cryptocurrencies. Critics argue that these regulations are no longer up to date and are hindering innovation in the crypto sector.

The proposal to revise these rules is not only a step to adapt to the current market situation, but could also help to better manage risks while promoting healthy development of the crypto market. A review of capital requirements would allow banks to invest more in digital assets, which could benefit both the financial industry and technological development.

The discussion around these topics shows how important it is for regulatory authorities to react flexibly to changes in the financial world. Experts agree that an update to crypto capital rules is needed to meet the challenges and opportunities of the digital age.

Overall, the call for a reassessment of the 1,250% crypto capital rules is a step in the right direction to ensure that financial regulation keeps pace with technological developments while ensuring stability and security in the financial sector.