BIS’s Basel Committee on Banking Supervision (BCBS) extended its hand toward the crypto & blockchain industry.
Bank for International Settlements (BIS) is a global financial institution. BIS is owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”. From the very beginning, BIS showed bitter & negative stances against this crypto industry because of the high volatility in the value of crypto assets.
The Basel Committee on Banking Supervision (BCBS) from BIS introduced its proposal to allow the banks to hold 1% reserves in Bitcoin or some leading cryptocurrencies.
BCBS published its proposal on 30 June and under its plan bank will be allowed to use Group 2 crypto assets to 1% of Tier 1 capital” in its consultative document titled “Second consultation on the prudential treatment of crypto assets.
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Group2 is that crypto assets category under which those digital assets will fall under that category which are not perfect or exactly defined under a particular asset class, While Group1 will include those assets which are perfectly categorized like stablecoin.
The perfect understanding of the Group1 and Group2 assets category can be understood via the attached picture below.
BCBS published document stated:
“Banks’ exposures to Group 2 crypto assets will be subject to an exposure limit. Banks must apply the exposure limit to their aggregate exposures to Group 2 crypto assets, including both direct holdings (cash and derivatives) and indirect holding (ie those via investment funds, ETF/ETN, special purpose vehicles).”
Earlier, BIS took the reference of the significant correction in the prices of Crypto assets and warned people about their crypto investment activities and also warned people about the risk associated with decentralized finance (Defi). In the past, BIS also released its statement on cryptocurrencies and claimed that cryptocurrencies don’t meet with the role of money, so can’t be used in the payment system.
Read also: Doge rival Shiba facing huge downfall in terms prices & interests
BIS to allow Banks to hold 1% reserves in Bitcoin
https://bitcoinik.com/bis-to-allow-banks-to-hold-1-reserves-in-bitcoin/feed/
https://bitcoinik.com/bis-to-allow-banks-to-hold-1-reserves-in-bitcoin/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
⚠️WORLD OTC⚠️
💸PAYING AS OF 06/28/2022💸
🛑 REGISTRATION LINK
https://www.worldotc.com/#/pages/login/register?invite=75103
FOR EVERY 10 USERS that you INVITE and work on the platform they will give you $10
————————————————
🌍HOW DOES IT WORK?🌍
👉🏻Rounds are settled every 3 hours, and each round will be 0.4% of your investment amount.
👉🏻You can do up to 8 rounds a day, with a MAXIMUM RENT OF 3.2℅ DAILY.
👉🏻 Make compound interest and double your investment in just 23 days.
👉🏻 The maximum profit per month is 157.2%.
⚫️ Minimum investment amount: 10USDT.
🟢 Minimum withdrawal amount: 5USDT.
🔴 Withdrawal fee: 3℅
————————————————
☢️ MORE INFORMATION
🤖 Self clips
💸 Proof of payment
📺 Telegram groups
https://t.me/WorldOTC1
—————————————————————————————————————-
💠
👉Reward $9.88 for deposit over $100 ♻️♻️🔰
👉The withdrawal speed is fast
👉0% withdrawal fee
👉Simple, safe and stable system
👉Platform cooperation app successfully launched \five-level agency model without investment\. Each user can be a proxy
👉Great Rewards
👉 Referral link
👇⬇️
https://laz220.com?code=119055
Lazada: Rewards for old users who invite new users:
?? Invite 3 first-level valid members (reload $100, buy 50 times), reward $18.88 💰💰✨
?? Invite 10 first-level valid members (reload $100, buy 50 times) and reward $48.88
?? Invite 20 active members, first level member (recharge $100, buy 50 times) and reward $98.88
?? Invite 30 first-level valid members (reload $100, buy 50 times) and reward $288.88
?? Invite 50 first-level valid members (reload $100, buy 50 times) to reward $388.88 and more. The content of the event is to deposit $100 for each valid first level member
Users who qualify to receive rewards contact Lazada Support to receive rewards
For example, if you invite A to top up $500, and the commission generated by A is $20 per day, then you get 16% of the commission generated by A per day, and 16% of $20 is $3.2, and you get $3.2 per day
👇⬇️
https://laz220.com?code=119055
————————————————————————————————————————-
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Brand new mining Platform machine
rental very easy to use! ✅
🟢Minimum deposit : 10 usdt
🟢Minimum withdraw : 10 usdt
Referral invite:
Line1: 11%
Line2: 8%
Line3: 6%
Registration link:
base.siteminingzone.com/siteMining/register?referralCode=159686
❌Warning:❌
Investing in cryptocurrency carries a high level of risk.
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
