CoinWorld News: According to a tweet from Jack, the Federal Reserve is about to propose new regulations regarding the risk weight of Bitcoin for banks. Currently, Bitcoin is considered a high-risk asset under Basel rules, with a risk weight as high as 1250%, far exceeding other asset categories, which limits banks from providing financial services for Bitcoin-related business. After the new proposed rules are announced, there will be a 90-day public comment period.
CoinWorld News: According to a tweet from Jack, the Federal Reserve is about to propose new regulations regarding the risk weight of Bitcoin for banks. Currently, Bitcoin is considered a high-risk asset under Basel rules, with a risk weight as high as 1250%, far exceeding other asset categories, which limits banks from providing financial services for Bitcoin-related business. After the new proposed rules are announced, there will be a 90-day public comment period.